|JANUARY 11, 1999|
|Knight/Trimark Group, Inc. Announces Record Execution Levels Fueled By Trading on the Internet|
|Jersey City, NEW JERSEY (January 11, 1998) -- Knight/Trimark
Group, Inc. (Nasdaq: NITE), the largest market maker in Nasdaq
securities and the over-the-counter (OTC) market for NYSE- and
AMEX-listed equity securities (the Third Market), announced that a
record of 395,000 trades were executed on Friday, January 8, 1999.
"The on-line Internet trading has been fueling our growth since Knight Securities, Inc., began in July, 1995. Between October and December 1998, Knight experienced a 58% growth in total transactions," commented Walter Raquet, Chief Operations Officer of Knight Securities, Inc. "We execute nearly half of all the Internet equity transactions and the majority of our transactions come from the Internet," added Raquet.
The unprecedented growth of Knight/Trimark's business can be credited to a committed investment in talent and technology, and management states that this investment will continue. In 1999, the company plans to invest more than $20 million in technology, more than twice the amount invested in 1998.
Knight/Trimark Group, Inc. is the leading market maker in both NASDAQ securities and the over-the-counter market for New York Stock Exchange (NYSE)- and American Stock Exchange (AMEX)-listed equity securities -- the Third Market. Knight/Trimark is the parent company of Knight Securities and Trimark Securities. Knight Securities trades in approximately 6,100 equity securities listed on Nasdaq and on the OTC Bulletin Board (OTCBB) of the National Association of Securities Dealers (NASD). Trimark Securities trades NYSE- and AMEX-listed equity securities over the counter. Knight/Trimark Group, Inc. is Dedicated to Execution Solutions.TM