|SEPTEMBER 12, 2002|
|Knight Trading Group Names Gregory C. Voetsch Senior Vice President & Head of Institutional Group|
|JERSEY CITY, N.J., Sep 12, 2002 /PRNewswire-FirstCall via COMTEX/ -- Knight
Trading Group, Inc. (Nasdaq: NITE) today announced that Gregory C. Voetsch has
been named Senior Vice President and Head of Institutional Group, a new position
overseeing all sales and relationships for institutional clients. The
appointment is effective immediately.
Mr. Voetsch, 40, was a Managing Director and Head of Nasdaq Sales Trading at Salomon Smith Barney where he oversaw sales traders in New York and co-managed regional sales traders for Nasdaq stocks. He also has worked in equities sales trading with Jefferies Group and Allen & Co. after starting his career at Merrill Lynch & Co.
Thomas M. Joyce, Chief Executive Officer and President of Knight Trading Group, said, "Greg's experience and reputation as a natural leader and person of integrity made him the desired candidate to lead Knight's institutional group. He has been an integral part of the institutional sales and trading units of respected firms, and I am thrilled he will help lead Knight to similar success."
Mr. Voetsch said, "I am gratified that Tom Joyce and Knight are giving me the opportunity to help build a world-class institutional business. I am looking forward to tapping the potential of Knight's trading platform, working with the key team members already in place, and leveraging my 19 years of institutional relationships."
Knight is the liquidity center that offers superior execution services to its broker-dealer and institutional clients in over-the-counter (OTC) and listed equity securities, and in equity options. In so doing, Knight helps its clients meet their fiduciary obligation of obtaining best execution for the securities orders that they route on behalf of their customers. Knight also maintains an asset management business for institutions and high net worth individuals through Deephaven Capital Management LLC.
Knight has the power to commit capital for market orders and also maintains one of the largest limit order books in the OTC market. The Company has approximately 1,110 employees worldwide and is one of the largest destinations for stock orders placed via the Internet. Knight traded 135 billion shares in the year 2001, a volume behind only those posted by Nasdaq and the New York Stock Exchange (NYSE). More information about Knight can be obtained at www.knighttradinggroup.com.
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.
Gregory C. Voetsch
Gregory C. Voetsch, Senior Vice President & Head of Institutional Group for Knight Trading Group, Inc., is an experienced director of institutional sales trading.
Until joining Knight in September 2002, Greg was a Managing Director and Head of Nasdaq Sales Trading at Salomon Smith Barney. He oversaw SSB's sales traders in New York and co-managed regional sales traders for Nasdaq stocks in Boston, Chicago and San Francisco.
Greg joined Smith Barney in early 1994 as a Nasdaq Sales Trader before his promotion to Head of Nasdaq Sales Trading in 1997. In 2000, he also was named Co-Head of U.S. Sales Trading for Salomon Smith Barney. Greg was named Head of Nasdaq Sales Trading for the combined entity in 2001.
Greg started his equities trading career in 1983 as an Assistant on the Block Desk at Merrill Lynch & Co. He left Merrill Lynch for Jefferies Group where he spent 10 years as an Equities Sales Trader. He later was Vice President, Institutional Sales and Trading at Allen & Co. before his start at Smith Barney.
SOURCE Knight Trading Group, Inc.