|APRIL 8, 1999|
|Knight/Trimark Announces Roll-Out of eKNIGHT(TM) Web Product; Internet Link Increases Correspondent Access to Knight/Trimark's Best Execution Services|
JERSEY CITY, N.J., April 8 /PRNewswire/ -- Knight/Trimark Group, Inc. (Nasdaq: NITE - news) today announced the rollout of their proprietary eKNIGHT(TM) Web product, a sophisticated Internet-based electronic order entry and order management product. This secure proprietary Internet product will provide Knight/Trimark's customers (broker-dealers and institutions) with electronic access to its trading systems, enabling them to initiate and monitor securities transactions from their desktops.
eKNIGHT(TM) Web presents users with extensive order management and database query options, including Order Entry, Query Mode, and Phone Acceptance, thereby increasing the number of customers with access to Knight/Trimark's ``Execution Solutions.'' Knight/Trimark has recently completed the beta-testing phase of the product rollout, and at present, successfully trades with 135 clients via eKNIGHT(TM) Web. Knight/Trimark will be rolling out eKNIGHT(TM) Web to all of its customers by the third quarter of 1999. To use eKNIGHT(TM) Web, customers access and operate the product via a web browser over the Internet. Knight/Trimark believes that its future growth will depend largely on a continued investment in leading technologies, as substantially all of the order flow received by Knight/Trimark is through a variety of computer-to-computer interfaces and the Internet.
Knight/Trimark is a leading market maker in both Nasdaq securities and the over-the-counter market for New York Stock Exchange and American Stock Exchange listed securities -- the Third Market. Knight/Trimark relies on sophisticated technology to facilitate its market-making activities and, since its inception, the Company has made significant investments in its technology platform and infrastructure. Knight/Trimark's proprietary trading systems are powered by software applications that enable the processing of a large volume of order flow efficiently, while assuring fast, reliable, quality executions. Knight/Trimark's systems are designed to process up to 650,000 trades per day and in the first quarter of 1999 handled an average of 300,000 trades per day. Knight/Trimark is ``Dedicated to Execution Solutions.''(TM)
Knight/Trimark is the parent company of Knight Securities, a wholly owned subsidiary that makes markets in approximately 6,700 equity securities listed on Nasdaq and on the OTC Bulletin Board (OTCBB) of the National Association of Securities Dealers (NASD), and Trimark Securities, a wholly owned subsidiary that trades NYSE- and Amex-listed equity securities over the counter. Members NASD/SIPC.
Copies of this release and other information on the Company can be obtained via the Internet at www.knight-sec.com.