|NOVEMBER 30, 2010|
|Knight Capital Group Announces Release of Book: "Current Perspectives on Modern Equity Markets"|
JERSEY CITY, N.J., Nov. 30, 2010 /PRNewswire via COMTEX/ --
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the release of "Current Perspectives on Modern Equity Markets: A Collection of Essays by Financial Industry Experts," a book that examines how competition, technology and recent innovations in U.S. equity markets have affected both institutional and retail investors. Fourteen industry leaders and authorities contributed chapters to the book, which was sponsored by Knight.
"We hope that this book helps to facilitate the broad discussion about the U.S. equity markets," said Thomas M. Joyce, Chairman and Chief Executive Officer, Knight Capital Group. "We are witnessing a market transformation and it is our hope that these conversations will help update the understanding of how the equity markets function and the value they provide to all investors."
The book discusses how the trading markets are rapidly changing, and how technology has helped to lower costs for both retail and institutional trades, improve execution speed and quality, and add liquidity to the marketplace. Each author contributed his observations, insights and recommendations regarding how U.S. markets were shaped, how they currently work and how they may look in the future. In their essays, several authors also encourage regulators be deliberate and data-driven when considering new rules and requirements.
"As technology changes how we conduct business and serve our customers, the framework for governing equity markets must apply common sense rules and strike the right balance between regulation and preservation of an open, transparent and vibrant system," said NYSE Euronext Chief Executive Officer Duncan L. Niederauer, who participated in the book. "The new global era of financial markets requires innovation and international cooperation, and a collective commitment to integrity."
The following contributed essays to the book:
A digital version of the book is available at http://www.knight.com/newsroom/researchandcommentary.asp.
Knight Capital Group (NYSE Euronext: KCG) is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms, and corporations. Knight is headquartered in Jersey City, N.J. with a growing global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.
Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks associated with changes in market structure, legislative or regulatory rule changes, the costs, integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired in the future, by the Company and risks related to the costs and expenses associated with the Company's wind-down of the Deephaven business. Since such statements involve risks and uncertainties, the actual results and performance of the Company may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2009, "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter-ended March 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2009, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.