Knight Capital Europe Ltd. Established As Retail Service Provider In the U.K.
June 30 2009 - 7:00AM
PR Newswire (US)
JERSEY CITY, N.J. and LONDON, June 30 /PRNewswire-FirstCall/ --
Knight Capital Group, Inc. (NASDAQ:NITE) announced today that
wholly-owned subsidiary Knight Capital Europe Limited has commenced
operations as a Retail Service Provider (RSP) in the U.K. Knight
provides trading and market-making as well as price quotation
services to clients predominantly in FTSE 350 Index companies
listed on the London Stock Exchange. Commenting on the further
expansion of Knight's offering in Europe, Jamil Nazarali, Managing
Director and Global Head of the Electronic Trading Group said,
"Knight is building liquidity across a broad range of European
equities to serve broker-dealers. Our participation as a RSP
represents an exciting extension of our electronic trading
capabilities. Knight has extensive experience across securities
trading, technology, operations, client service, compliance and
market structure, developed as a leading provider of trade
execution services to broker-dealers in the U.S." Knight's RSP
trade execution services are currently accessible through the
Proquote and Fidessa RSP networks. Firms may also access Knight
Link, an electronic access point into Knight's deep, off-exchange
liquidity, through RSP networks or direct connectivity. Knight Link
is fully customisable and enables easy integration into smart order
routers, dark liquidity-seeking algorithms or OMS systems as an
additional source of liquidity. Clients benefit from rapid
executions, reduced trading costs and lessened market impact.
Kee-Meng Tan, Managing Director, Head of the Electronic Trading
Group at Knight Capital Europe Limited said, "We look forward to
supporting broker-dealers in the U.K. As a leading provider of
off-exchange liquidity in the U.S., we believe RSP users will
benefit greatly from Knight's entry into the competitive quote
market. Knight is connected to exchanges and MTFs across Europe to
give clients access to the best prices available at the time of
execution. In addition, we are ready and able to work with RSP
users to reduce their overall trading costs through settlement
netting." For further information on Knight's RSP services, please
call +44 20 7997 7788 or email . To learn more about Knight Link,
contact Kee-Meng Tan at +44 20 7997 7778 or . Knight Capital Europe
Limited is a U.K. registered broker-dealer that provides execution
services for institutional and broker-dealer clients in U.S.,
European and international equities. Knight Capital Europe Limited
is authorised and regulated by the U.K. Financial Services
Authority and is a member of the London Stock Exchange, Deutsche
Borse AG, Euronext N.V. (incorporating Euronext Amsterdam, Euronext
Brussels, Euronext Lisbon and Euronext Paris), Borsa Italiana, OMX
(incorporating the Copenhagen Stock Exchange, Helsinki Stock
Exchange and Stockholm Stock Exchange), Oslo Bors, SIX Swiss
Exchange, Weiner Borse, Chi-X Europe Limited, Turqouise, BATS
Trading, NASDAQ OMX Europe, NYSE Arca Europe and Equiduct Trading.
About Knight Knight Capital Group, Inc. (NASDAQ:NITE) is a leading
financial services firm that provides electronic and voice access
to the global capital markets across multiple asset classes for
buy-side, sell-side and corporate clients. In Global Markets, we
provide market access and trade execution services in nearly every
U.S. equity security and a large number of global equities and
fixed income, foreign exchange, futures and options. Our approach
to trading combines deep liquidity with robust trading technology
and capital facilitation, when necessary, to deliver high quality
trade executions consistent with client defined measures. Our
Corporate segment invests in strategic, financial services-oriented
opportunities, allocates, deploys and monitors all capital and
maintains all corporate overhead expenses. Our Asset Management
segment is reported as a discontinued operation as of March 31,
2009. More information about Knight can be found at
http://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 (i) the costs,
integration, performance and operation of businesses recently
acquired, or that may be acquired in the future, by the Company,
and (ii) the closing of the sale of substantially all of the assets
of the Asset Management business and costs and expenses associated
with the Company's exit from the Asset Management business. 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. 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, 2008, 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, 2008, and in other reports or documents the
Company files with, or furnishes to, the SEC from time to time.
DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret Wyrwas,
Senior Managing Director of Communications, Marketing &
Investor Relations, +1-201-557-6954, , or Kara Fitzsimmons,
Director, Media Relations, +1-201-356-1523, , or Jonathan Mairs,
Vice President, Corporate Communications, +1-201-356-1529, , all of
Knight Capital Group, Inc. Web Site: http://www.knight.com/
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