PRESS RELEASES

NOVEMBER 1, 2002
Knight Hosts Meeting on Monday, November 4th for Analysts and Institutional Investors

Live Broadcast of Management Presentations Available at Company Web Site

JERSEY CITY, N.J., Nov 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- Knight Trading Group, Inc. (Nasdaq: NITE) announces that it will offer a live webcast of its analyst and institutional investor meeting to be held on Monday, November 4, 2002. Detailed instructions for accessing the webcast are available on the company Web site at http://www.knighttradinggroup.com.

The webcast begins at 10:00 a.m. Eastern Standard Time on Monday, November 4, 2002, and concludes at approximately 12:30 p.m. Eastern Standard Time that day. Presenting at the conference will be members of Knight's executive management team.

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 1,034 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 from the Company's Web site at http://www.knighttradinggroup.com.

SOURCE Knight Trading Group, Inc.

CONTACT:
Margaret Wyrwas, Senior Vice President, Corporate Communications & Investor Relations, +1-201-557-6954, or mwyrwas@knighttrading.com; or Judy Pirro, Manager, Investor and Shareholder Relations, +1-201-356-1548, or jpirro@knighttrading.com; or Kara Fitzsimmons, Manager, Corporate Communications, +1-201-356-1523, or kfitzsimmons@knighttrading.com all of Knight Trading Group

URL: http://www.knighttradinggroup.com


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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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