TRADE EXECUTION STATISTICS
Execution Speed
Speed in trade execution remains a decisive factor when clients seek new trade execution venues. Knight's trading technology provides industry-leading speeds with the capacity, liquidity and experience in order to help achieve client-driven parameters.
| |
* |
| Listed S&P 500 |
0.2 seconds |
| All Listed |
0.7 seconds |
| NASDAQ 100 |
0.4 seconds |
| All NASDAQ |
1.7 seconds |
| NASDAQ Capital Markets |
2.7 seconds |
*"Execution Speed" calculation for June '10 in market orders of all sizes (100-9999 shares). Data provided by Thomson Transaction Analytics.
Price Improvement
Our natural and enhanced liquidity allow us to increase the likelihood of price improvement. Price improvement can take place through our automated trading systems and through the expertise of our traders and sales traders.
| |
* |
| Listed S&P 500 |
73.1% |
| All Listed |
70.1% |
| NASDAQ 100 |
73.2% |
| All NASDAQ |
64.3% |
| NASDAQ Capital Markets |
54.5% |
*"Price Improvement" percentage calculation for June '10 in market orders of all sizes (100-9999 shares). Data provided by Thomson Transaction Analytics.
At-or-Better
Our ability to enhance liquidity increases our clients' certainty of execution.
When natural liquidity is not present in the marketplace, we have the ability to commit our own capital to complete
trades on our client's behalf. This capability can help reduce the effects of volatility and minimize slippage.
As a leading market destination we believe the certainty of execution should be demonstrated in the ability to execute
orders "at-or-better"* than the consolidated NBBO.
| |
* |
| Listed S&P 500 |
91.0% |
| All Listed |
87.7% |
| NASDAQ 100 |
90.8% |
| All NASDAQ |
84.4% |
| NASDAQ Capital Markets |
75.9% |
*"At-or-Better" percentage calculation for June '10 in market orders of all sizes (100- 9999 shares). Data provided by Thomson Transaction Analytics.
Anonymity
Protecting our client's positions is paramount. We offer the ability to move in and out of a stock without leaving a footprint helping to protect investing strategies and limit the chance of information leakage.
Insight
Our traders understand the direction and momentum of the markets as well as trading patterns for individual securities, due to our broad coverage of U.S. equities and our significant daily trade volume.
Traders at Knight provide our buy- and sell-side clients with an immeasurable level of intelligence, market insights and best-in-class service amid varied market conditions and cycles. Their goal is to design trade execution solutions for maximum performance and efficiency helping our clients to achieve their trading objectives.
Market Impact
With Knight's deep liquidity our clients are more likely to complete trades without moving the market.
Our strength, particularly in small- and mid-cap stocks, allows us to detect potential market movement. When supply and demand shift, we put our liquidity and trading experience to work reducing the effects of volatility and minimizing slippage.