|FEBRUARY 8, 2012|
|Knight's Electronic Execution Services Knight Direct and Hotspot FX Win Institutional Trading Awards|
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
"Knight is thrilled to be recognized by Wall Street Letter for our Knight Direct algorithms and Hotspot FX currency ECN for institutions," said
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
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