|JUNE 6, 2000|
|Knight Trading Group Clarifies Questions Surrounding Merrill Lynch's Acquisition of Herzog Heine Geduld|
JERSEY CITY, N.J., June 6 /PRNewswire/ -- Knight Trading Group, Inc. (Nasdaq: NITE), formerly Knight/Trimark Group, Inc., has posted on its Web site (http://www.knighttradinggroup.com or http://www.knight-sec.com) comments in connection with Merrill Lynch's announced acquisition of Herzog Heine Geduld. In particular, Knight would like to clarify the following:
Knight Trading Group, Inc. (Nasdaq: NITE), is a market center that seeks to empower investors by providing them with opportunities for price improvement, immediacy and enhanced liquidity in their securities transactions. It has the power to commit capital for market orders, and it also maintains the largest limit order book in the OTC market. Knight traded 81 billion shares in 1999, a volume behind only those posted by Nasdaq and the New York Stock Exchange (NYSE). It also executes more than 40 percent of all securities transactions placed via the Internet. Knight is a charter member of Fortune magazine's "e-50 Stock Index," an elite collection of companies that are shaping the new Internet-based economy. In addition, Knight, which has been in operations for fewer than five years, is ranked by Forbes magazine as one of the 500 most profitable public companies in the U.S.
Currently, it employs more than 1,000 people worldwide with offices in Jersey City, NJ; Jericho, White Plains, Purchase and New York, NY; Chicago, IL; Boston, MA; Minnetonka, MN; Philadelphia, PA; Santa Clara, CA; and London, England. More information about Knight can be obtained at http://www.knighttradinggroup.com, or at http://www.knight-sec.com. SOURCE Knight Trading Group, Inc.
CONTACT: Margaret Wyrwas, Vice President, Corporate Communications & Investor Relations, 201-557-6954, firstname.lastname@example.org, and Chuck Dohrenwend, Manager, Corporate Communications, 201-356-1753, email@example.com, both of Knight Trading Group, Inc.; or Russell Dubner, 212-704-4538, and Creighton Abrams, 212-704-8295, both of Edelman PR Worldwide, for Knight Trading Group, Inc./