|NOVEMBER 27, 2002|
|Knight Appoints Heads of International Sales Trading and Client Connectivity|
Knight Names Robert A. Bailey Senior Vice President, Head of European Sales and Robert J. Williams Senior Vice President, Director of Client Connectivity Services
JERSEY CITY, N.J., Nov. 27 /PRNewswire-FirstCall/ -- Knight Trading Group, Inc. (Nasdaq: NITE) today announced that Robert A. Bailey has been named Senior Vice President, Head of European Sales for Knight Securities International Ltd., and Robert J. Williams has been named Senior Vice President, Director of Client Connectivity Services for Knight Securities, L.P.
Mr. Bailey, 34, is based in Knight's London institutional sales office and will help provide international clients with domestic equity order execution services, in addition to execution in various European marketplaces. Most recently, he was Co-Head of Global Sales & Trading and Director of Broker-Dealer Relations for Oscar Gruss & Son, Inc. in New York. Rob will report directly to Anthony M. Sanfilippo, Head of Broker-Dealer Client Group, and Gregory C. Voetsch, Head of Institutional Client Group.
Mr. Williams, 38, has experience supporting equity applications in both buy- and sell-side environments. He will lead a newly established Client Connectivity Services Team, supporting Knight's institutional sales staff by working directly with clients on all connectivity projects and issues. Mr. Williams joins Knight from Morgan Stanley where he was Vice President, Equity Client Connectivity. He will report directly to Derek N. Stein, Senior Vice President, Operations, Services and Technology.
"Consistent with our recent hires, Knight appointed Rob Bailey and Bob Williams with our clients in mind," said Thomas M. Joyce, Chief Executive Officer and President of Knight Trading Group. "Rob will use his strong experience of working with international clients to promote Knight's U.S. equity execution solutions overseas and to enhance Knight's international institutional and broker-dealer client relationships. Meanwhile, Bob will help make sure that all clients have designated Knight representatives to help with all of their connectivity needs."
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 1,034 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.
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.
Robert A. Bailey
Robert A. Bailey has spent his career serving both international and domestic clients with U.S. equity trading needs.
Rob joined Knight from Oscar Gruss & Son, Inc. in New York where he was Co-Head of Global Sales & Trading and Director of Broker-Dealer Relations. He co-managed a team of traders and sales traders selling U.S. equity products to domestic broker-dealers, financial institutions and foreign banks, and he oversaw all broker-dealer relationships. During his tenure from 1997 to 2002, Rob developed and managed the firm's OTC Bulletin Board Desk, and he co-managed the Global Sales Trading Unit.
Rob started at Fidelity Capital Markets in New York as a charter member of Fidelity's principal OTC desk with responsibility for developing Fidelity's OTC broker-dealer relationships. He was a Market Maker in OTC stocks and managed order executions for Fidelity's top retail brokerage and U.S. institutional accounts.
Rob joined Fidelity when in 1996 it acquired his previous firm, Wagner Scott Mercator Partners, where he was a Market Maker in Nasdaq stocks and foreign ADRs: He also was a Head Agency Trader for Bank Leumi in New York. Rob attended the University of South Carolina.
Robert J. Williams
Robert J. Williams is an expert in developing, supporting and enhancing connectivity for equity trading clients.
Bob joins Knight from Morgan Stanley where he was Vice President, Equity Client Connectivity. He managed FIX client connectivity for Morgan Stanley's block, program and direct exchange business, working closely with sales trading management, technology staff and electronic trading personnel to deliver high-quality FIX services for the firm's institutional clients.
Previously, Bob was Salomon Smith Barney's Vice President, Electronic Trading and Connectivity, with responsibility for the development and management of tools supporting SSB's global cash equities business. While at the firm, he designed and managed changes to the firm's order management and product merchandising systems, and he led the effort to design an intranet-based application allowing sales traders easy access to key data for managing relationships.
From 1990 to 2000, Bob worked for Fidelity Capital Markets, most recently as Vice President of Nasdaq/OTC Trading, and for Fidelity Management & Research Company. He has held positions at both entities overseeing OTC technology and trade support, equity systems, global equity trading implementation and trade processing systems. Prior to joining FMR Co., he spent more than seven years developing and enhancing platforms supporting financial, manufacturing and distribution applications. SOURCE Knight Trading Group, Inc.
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