|JANUARY 9, 2004|
|Knight to Close Equity Options Posts on American Stock Exchange|
JERSEY CITY, N.J., Jan. 9 /PRNewswire-FirstCall/ -- Knight Trading Group, Inc. (Nasdaq: NITE) today announced that Knight Financial Products, its options market-making subsidiary, will close its posts for equity options trading on the American Stock Exchange (Amex) by the close of business January 30, 2004.
Knight noted today's announcement is consistent with its previous statements concerning an ongoing strategic review of its options business.
Knight said that the closing of its Amex posts will not have a significant impact on the financial results of its options business. Knight currently acts as a specialist in 74 equity option classes on the Amex.
Knight will release its fourth quarter results on Thursday, January 22, 2004 at 6:00 a.m. (EST). The company will conduct its fourth quarter earnings conference call for analysts, investors and the media at 8:30 a.m. (EST) that same day. The conference call will be Webcast live at 8:30 a.m. (EST) for all investors and interested parties on Knight's Web site (www.knighttradinggroup.com).
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 $1.4 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.
SOURCE Knight Trading Group, Inc. -0- 01/09/2004 /CONTACT: Margaret Wyrwas, Senior Managing Director, Corporate Communications & Investor Relations, +1-201-557-6954, email@example.com, or Kara Fitzsimmons, Vice President, Corporate Communications, +1-201-356-1523, firstname.lastname@example.org, or Judy Pirro, Vice President, Investor & Shareholder Relations, +1-201-356-1548, email@example.com, or Catherine Smith, Assistant Vice President, Marketing Communications & Public Relations, +1-201-557-6992, firstname.lastname@example.org, all of Knight Trading Group, Inc./ /Web site: http://www.knighttradinggroup.com / (NITE) CO: Knight Trading Group, Inc. ST: New Jersey