|JUNE 16, 1999|
|Knight/Trimark Group, Inc. Sponsors Benefit for St. Jude Children's Research Hospital|
Knight/Trimark Group, Inc. Sponsors Benefit for St. Jude Children's Research Hospital
-- Montclair, New Jersey Event Raises $205,000 for Cancer Research --
JERSEY CITY, New Jersey (June 16, 1999) - For the second consecutive year, Knight/Trimark Group, Inc. (Nasdaq: NITE) was the title sponsor of an annual golf benefit for St. Jude Children's Research Hospital. The June 14 event held at Montclair Golf Club in Montclair, New Jersey attracted participants from firms such as Banc Boston Robertson Stephens, Merrill Lynch, Inc., Southwest Securities, and PaineWebber, Inc., and raised a record $205,000.
"Knight/Trimark's sponsorship of the St. Jude Children's Research Hospital golf benefit is indicative of our strong commitment to charitable activities," remarked Walter F. Raquet, executive vice president and director of Knight/Trimark and chief operating officer of Knight Securities. "Our employees take an active role in philanthropic causes in the Jersey City area and Knight/Trimark, as a company, will continue to support and encourage such volunteerism and community activism."
Knight/Trimark Group is the leading market maker in both Nasdaq securities and the over-the-counter market for New York Stock Exchange (NYSE)- and American Stock Exchange (AMEX)-listed equity securities - the Third Market. On account of its cutting-edge technology and customer support services, Knight/Trimark has the capacity to handle 1.2 million trades per day. The four-year-old company, which is currently the nation's largest destination for on-line trade executions, employs more than 400 people at its Jersey City, New Jersey headquarters.
St. Jude Children's Research Hospital, founded in Memphis, Tennessee by the late entertainer Danny Thomas, is the largest childhood cancer research center in terms of the number of patients enrolled and successfully treated. Since it opened in 1962, the hospital has treated more than 15,000 children from across the United States and 60 foreign countries, and has brought survival rates for childhood cancers from less than 20 percent to better than 70 percent. Out of all of the money raised for St. Jude Children's Research Hospital, 88.9 percent is earmarked for current or future needs of the hospital, 8.24 percent is used to raise additional money and 2.86 percent is allocated for administrative costs.
Copies of this release and other information about Knight/Trimark Group can be obtained via the Internet at www.knight-sec.com