PRESS RELEASES

MAY 20, 2002
Knight to Conduct Live Webcast of its Annual Meeting For Shareholders On Wednesday, May 22, 2002
JERSEY CITY, N.J., May 20, 2002 /PRNewswire-FirstCall via COMTEX/ -- Knight Trading Group, Inc. (Nasdaq: NITE) will conduct a webcast of the Company's Annual Meeting for Shareholders on Wednesday, May 22, 2002, at 1:00 p.m. Eastern Time.

Interested parties who wish to access Knight's webcast on May 22nd should go to the Company's Web site at http://www.knighttradinggroup.com by 12:45 Eastern Time that day, and follow the instructions on that page.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. 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. Since such statements involve risks and uncertainties, the actual results and performance of the Company may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein; however, readers should carefully review reports or documents the Company files from time to time with the Securities and Exchange Commission.

SOURCE Knight Trading Group, Inc.

CONTACT:
Margaret Wyrwas, Senior Vice President, Corporate Communications & Investor Relations
+1-201-557-6954, mwyrwas@knight-sec.com
or
Judy Pirro, Manager, Investor and Shareholder Relations
+1-201-356-1548, judy_pirro@knight-sec.com,
or
Kara Fitzsimmons, Manager, Corporate Communications
+1-201-356-1523, kara_fitzsimmons@knight-sec.com, all of KNIGHT


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The matters described within the Investor Relations section of the Knight Capital Group (the "Company") Web site contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed with respect to future periods. These factors include, but are not limited to, the Company's ability to implement its growth strategies, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, intellectual property rights, and other factors detailed in the Company's registration statement and periodic reports filed with the Securities and Exchange.

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