JERSEY CITY, N.J., Feb. 8, 2012 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Knight Direct was named Best Agency Broker – Algorithms and Hotspot FX was named Best FX Trading Platform by Wall Street Letter in its inaugural Institutional Trading Awards 2012.

The awards recognize excellence among providers to the institutional trading industry and were determined by a panel of independent judges, appointed by the publication, who reviewed applications from brokerage firms, exchanges and financial technology providers based on innovation, client satisfaction and revenue growth. Wall Street Letter announced the winners at its events ceremony February 6, 2012, held at Cipriani in New York, NY.

"Knight is thrilled to be recognized by Wall Street Letter for our Knight Direct algorithms and Hotspot FX currency ECN for institutions," said David Lehmann, Senior Managing Director, Head of Electronic Execution Services at Knight. "Knight's incredible team of professionals developed these offerings by listening closely to our clients and anticipating their needs with new technology and strategies. The growth of Knight Direct and Hotspot FX validates our experience that institutions are choosing Knight for superior electronic execution capabilities."

Knight Direct's 2011 average daily equity share volume rose 23% over 2010, while Hotspot FX's average daily FX notional dollar value rose 60% compared to the previous year.

Knight Direct offers agency-only algorithmic solutions based on the collective experience of quantitative professionals skilled in the market's microstructure and dynamic feedback from clients for efficient, cost-effective and anonymous trade execution. Hotspot FX is an institutional foreign exchange ECN offering deep liquidity in more than 60 currency pairs plus gold and silver with speed, competitive pricing, full depth-of-book transparency and complete anonymity. Knight Direct and Hotspot FX, in addition to Knight BondPoint fixed income ECN, make up Electronic Execution Services, Knight's electronic trading products that provide clients with market access, speed and trading efficiencies.

Knight Direct algorithms are offered by Knight Capital Americas, L.P., Knight Execution & Clearing Services LLC, members of FINRA and SIPC, and Knight Capital Europe, Ltd. a U.K. registered broker-dealer authorized and regulated by the Financial Services Authority.

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 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 related to the corporate restructuring in the third quarter 2011, including the ability to recognize anticipated cost savings, the possibility of unexpected costs or expenditures, and the impact of the restructuring on the Company's businesses and results of operations, risks associated with changes in market structure, legislative, regulatory and financial rules changes, risks associated with the Company's changes to its organizational structure and management and the costs, 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.

Kara Fitzsimmons, Managing Director, Media Relations, +1-201-356-1523 or kfitzsimmons@knight.com; Jonathan Mairs, Director, Corporate Communications, +1-201-356-1529 or jmairs@knight.com