Knight Introduces Knight Match Europe Liquidity Venue
By Knight Capital Group Inc., PRNETuesday, April 12, 2011
JERSEY CITY, New Jersey and LONDON, April 13, 2011 - Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the
introduction of Knight Match Europe, a non-displayed liquidity venue for the
trading of European equities. Knight Match provides a unique pool of
liquidity to the European marketplace, bringing together retail,
institutional, algorithmic and principal order flow.
Knight Match is a broker crossing system that provides anonymous access
and trade execution opportunities to seek price improvement. Knight Match
Europe's differentiating feature is the presence of retail order flow, both
resting and marketable, within the pool. The combination of orders
originating from institutional desks and buy-side algorithms as well as from
Knight's retail broker-dealer clients and Knight Link Europe's market-making
flow provides increased fulfilment opportunities. Orders are executed
according to a price/equal split protocol, providing a level playing field by
fulfilling at the best price equally split among all matching orders, rather
than simply fulfilling on a first-come, first-serve basis. Another
distinguishing factor of Knight Match Europe is the various order types
accepted in the venue: Limit Orders (LMT), Immediate-or-Cancel (IOC), Peg
Orders (Mid- and Near-Touch).
Knight Match Europe is based on the highly successful model Knight
developed for trading in the U.S. equity markets. Knight Match uses the same
technology standards that support Knight's high volume, low latency trading
infrastructure. Knight can accommodate a wide range of trading architectures
and capacity requirements based on our leading technology, extensive
market-making operation, and direct memberships of more than 20 European
exchanges and multilateral trading facilities (MTFs).
Clients can access Knight Match Europe through the following: Knight
Direct execution management system, Knight's full suite of algorithms, FIX
4.2, Bloomberg, FidessaNet, ULNet, Thompson Reuters, TradeWeb, Trading Screen
and any FIX-compliant EMS/OMS.
The introduction of Knight Match Europe follows the successful November
2009 launch of Knight Link Europe and continues the company's efforts to
provide alternative liquidity products and enhance its capabilities in
pan-European equities.
For more information, please contact Bradley Duke, Managing Director and
Head of Knight Direct in Europe, at +44-20-7997-7818 or bduke@knight.com; or
Kee-Meng Tan, Managing Director and Head of the Electronic Trading Group in
Europe, at +44-207-997-7778 or ktan@knight.com.
About Knight
Knight Capital Group (NYSE Euronext: KCG) is a global financial services
firm that provides access to the capital markets across multiple asset
classes to a broad network of clients, including buy- and sell-side firms and
corporations. Knight is headquartered in Jersey City, N.J. with a growing
global presence across the Americas, Europe, and the Asia-Pacific region. For
further information about Knight, please visit www.knight.com.
Certain statements contained herein may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are not historical facts and
are based on current expectations, estimates and projections about the
Company's industry, management's beliefs and certain assumptions made by
management, many of which, by their nature, are inherently uncertain and
beyond our control. Accordingly, 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 including, without limitation, risks associated with changes in
market structure, legislative or regulatory rule changes and the costs, risks
related to the performance of Knight's Electronic Trading Group, the
integration, performance and operation of businesses recently acquired or
developed organically, or that may be acquired or developed organically in
the future. Readers should carefully review the risks and uncertainties
disclosed in the Company's reports with the U.S. Securities and Exchange
Commission (SEC), including, without limitation, those detailed under the
headings "Certain Factors Affecting Results of Operations" and "Risk Factors"
in the Company's Annual Report on Form 10-K for the year-ended December 31,
2010, and in other reports or documents the Company files with, or furnishes
to, the SEC from time to time. This information should also be read in
conjunction with the Company's Consolidated Financial Statements and the
Notes thereto contained in the Company's Annual Report on Form 10-K for the
year-ended December 31, 2010, and in other reports or documents the Company
files with, or furnishes to, the SEC from time to time.
Kara Fitzsimmons, Director, Media Relations, +1-201-356-1523, kfitzsimmons at knight.com; Jonathan Mairs, Vice President, Corporate Communications, +1-201-356-1529, jmairs at knight.com; or Margaret Wyrwas, Senior Managing Director, Communications, Marketing & Investor Relations, +1-201-557-6954, mwyrwas at knight.com
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