|NOVEMBER 11, 1999|
|Knight/Trimark Group Executes Record Trade Volume of 556,000 Trades in Single Day|
JERSEY CITY, N.J., Nov. 11 /PRNewswire/ -- Knight/Trimark Group, Inc. (Nasdaq:NITE), the largest wholesale market marker in U.S. equity securities, today reported that it executed in excess of 556,000 trades on November 10, 1999 representing a cumulative share volume of over 432 million shares in both OTC and listed securities. Knight's strategic technology investments provide the firm with the capacity to process 1.2 million trades per day.
The company's share volume accounted for approximately 12 percent of the November 10 reported Nasdaq, New York Stock Exchange and American Stock Exchange share volume. Knight has executed over 55 billion shares in the first nine months of 1999, a share volume second only to Nasdaq and the NYSE.
Knight/Trimark, the parent company of Knight Securities and Trimark Securities, is the largest wholesale market maker in U.S. equity securities. Knight Securities makes markets in over 7,500 equity securities listed on Nasdaq and the OTC Bulletin Board of the NASD. Trimark Securities trades NYSE- and AMEX-listed equity securities over the counter - the Third Market. The four-year old Knight/Trimark Group, as the largest destination for on-line trade executions, is the unseen ``processing power'' behind the explosive growth in on-line securities trading. The firm employs more than 580 people worldwide with offices in Jersey City, N.J.; Jericho and Purchase, N.Y.; Chicago, Ill.; Boston, Mass.; and London, England.
For more information see http://www.knight-sec.com.