JERSEY CITY, N.J., May 19, 2011 /PRNewswire via COMTEX/ --

Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that subsidiary Astor Asset Management crossed $1 billion in assets under management.

Astor specializes in constructing portfolios by investing in exchange-traded funds based on a macroeconomic approach. Astor's actively managed portfolio of ETFs are designed with the goal of protecting and growing capital over time at an attractive absolute compounded return, without the performance fees and lock-up periods of hedge funds. These portfolios of ETFs are offered through financial advisors within separately managed accounts and through a mutual fund, the Astor Long/Short ETF Fund (I Share: ASTIX; R Share: ASTRX; C Share: ASTZX).

"Astor's steady asset growth reflects advisor and investor recognition for our approach to long-term capital appreciation across market cycles," said Robert N. Stein, Astor's founder and Senior Managing Director and Head of Global Asset Management at Knight. "I believe that this milestone is a testament to the strength of our investment philosophy and the talent of the Astor team."

Mr. Stein began his career at the Federal Reserve under Paul Volcker and held senior trading and portfolio management positions before founding Astor in 1994. Since Knight acquired Astor in October 2010, assets under management have increased approximately 50%.

Astor is among the top money managers by ETF assets under management according to a third party industry report, and a top investor in certain ETFs, according SEC filings. Astor is preparing to launch two new mutual funds based on investment strategies utilized in its separately managed accounts, including Style Preferred Growth and Active Income. Astor recently gained access to additional distribution platforms and is available through most national broker-dealer networks.

For more information about Astor Asset Management, please visit www.astorllc.com or call 800-899-8230.

About Knight

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 and the costs, risks related to the performance of Knight's Electronic Trading Group, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. 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, 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, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.

SOURCE Knight Capital Group, Inc.