|MAY 1, 2003|
|Knight Establishes Electronic Trading Team Headed by Senior Vice President Mony Rueven and Adds Senior Vice President of Institutional Sales Thomas J. Skea|
JERSEY CITY, N.J., May 1 /PRNewswire-FirstCall/ -- Knight Trading Group, Inc. (Nasdaq: NITE) today announced the appointments of Mony Rueven, Senior Vice President, Electronic Trading, and Thomas J. Skea, Senior Vice President, Institutional Sales, effective immediately.
Mr. Rueven, 46, will manage Knight's newly created Electronic Trading team, comprising Program Trading, Direct Access and other products that combine Knight's technology with its trading platform to serve institutions and broker-dealers. He comes to Knight after more than two decades building and managing automated trading systems for Jefferies & Co.'s Investment Technology Group (ITG), Credit Suisse First Boston, D.E. Shaw & Co., BNP CooperNeff and, most recently, Springline Capital, LLC.
Mr. Skea, 44, joined Knight after more than 20 years with Merrill Lynch, most recently as a Managing Director for Global Equity Finance. He will be an Institutional Sales Trader serving clients out of the company's headquarters in Jersey City.
"Knight continues to widen its array of products and services for clients, and to back those offerings with talented individuals," said Thomas M. Joyce, Chief Executive Officer and President of Knight Trading Group. "With a new Electronic Trading team, Knight seeks to capitalize on our existing platform, including our vast liquidity and already-established program trading and connectivity capabilities. Mony's background will help us to not only drive the most value out of our current offerings, but to build completely new offerings as well. Meanwhile, Tom's sales trading experience made him a great addition to our institutional team."
Knight is focused on meeting the needs of institutional and broker-dealer clients by providing comprehensive trade execution services in cash equities and options. A leading execution specialist, Knight offers capital commitment and access to a deep pool of liquidity across the depth and breadth of the market as it strives to provide superior client service. Knight also maintains a $1 billion asset management business for institutions and high net worth individuals. 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.
Senior Vice President, Electronic Trading
Knight Securities, L.P.
Mony Rueven, 46, is a veteran of equity risk management and proprietary trading with more than 20 years of experience in building automated trading systems. He joined Knight in 2003 to head the company's newly created Electronic Trading team.
Before joining Knight, Mony was President of Springline Capital, LLC, a statistical arbitrage hedge fund where he developed and managed sophisticated trading technology. Prior to that, he was a Managing Director and Head of U.S. Enhanced Portfolio Strategies at BNP CooperNeff.
From 1994 to 2000, Mony was a Managing Director of D.E. Shaw & Co. He managed the firm's Equity Brokerage Division and supervised the development of new profit centers. Mony came to D.E. Shaw from Credit Suisse First Boston where, from 1992 to 1994, he worked to add major corporations and money management firms to the company's client base for equity basket trading.
Mony was a Managing Director for Jefferies & Co.'s Investment Technology Group (ITG) from 1988 to 1992. He directed the Posit crossing network, and he led the development and marketing of a trade management system, Quantex, designed to provide institutions with customizable analytics and high-speed order generation and routing capabilities. Previously, from 1985 to 1988, Mony managed the ALERT Group and developed the OASYS global automated account allocation system for Thomson Financial Services. He also worked for State Street Bank from 1982 to 1988.
Thomas J. Skea
Senior Vice President, Institutional Sales
Knight Securities, L.P.
Thomas J. Skea, 44, spent more than two decades with Merrill Lynch before bringing his buy-side expertise to Knight in April 2003.
Tom started his career at Merrill Lynch in 1981 when he joined the investment banking division of WhiteWeld Capital Markets. He later worked in Merrill's law and compliance division and held various other non-trading jobs, including Administrative Manager for Global Fixed Income and Equities, until 1986.
Tom became an Institutional Equities Sales Trader as well as a Producing Manager of Nasdaq Sales and Trading. In 2000, he was named a Managing Director of Institutional Sales and Trading. He then was a Managing Director for Global Equity Finance, working in prime brokerage sales, until joining Knight.
Tom received Bachelor of Arts in Economics and Finance from Plattsburgh State University of New York.
Web site: http://www.knighttradinggroup.com