JERSEY CITY, N.J., June 28, 2013 /PRNewswire/ -- Knight
Capital Group, Inc. (NYSE Euronext: KCG) today announced the
completion of the sale of the U.S. institutional fixed income sales
and trading team to Stifel Financial Corp. (NYSE: SF).
Additionally, as previously announced, Stifel hired Knight's
European institutional fixed income sales and trading team. The
combined U.S. and European teams cover high-yield and
investment-grade corporate bonds, asset-backed and mortgage-backed
securities, and emerging markets as well as research in select
sectors and names.
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 broker-dealers, institutions and corporations.
Knight is headquartered in Jersey City,
N.J. with a global presence across the Americas,
Europe, and the Asia Pacific regions. 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. Forward-looking
statements are typically identified by words such as "believe,"
"expect," "anticipate," "intend," "target," "estimate," "continue,"
"positions," "prospects" or "potential," by future conditional
verbs such as "will," "would," "should," "could" or "may", or by
variations of such words or by similar expressions. These
"forward-looking statements" are not historical facts and are based
on current expectations, estimates and projections about the
parties' industry, management 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
pending strategic business combination of Knight and GETCO; (ii)
the August 1, 2012 technology issue
at Knight that resulted in Knight's broker-dealer subsidiary
sending numerous erroneous orders in NYSE-listed and NYSE Arca
securities into the market and the impact to Knight's capital
structure and business as well as actions taken in response thereto
and consequences thereof; (iii) Knight's sale of its
institutional fixed income sales and trading business; (iv)
Knight's ability to recover all or a portion of the damages that
are attributable to the manner in which NASDAQ OMX handled the
Facebook IPO; (v) changes in market structure, legislative,
regulatory or financial reporting rules; (vi) past or future
changes to organizational structure and management; and (vii) the
costs, integration, performance and operation of businesses
previously 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 Knight's
reports with the SEC, including, without limitation, those detailed
under "Certain Factors Affecting Results of Operations" and "Risk
Factors" in Knight's Annual Report on Form 10-K for the year-ended
December 31, 2012 and in Knight's
Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2013, and in other reports or documents
Knight or KCG files with, or furnishes to, the SEC from time to
time and those detailed in the Joint Proxy Statement / Prospectus
under the heading "Cautionary Statement Regarding Forward Looking
Information" and "Risk Factors", among others.
In addition to factors previously disclosed in Knight's
reports filed with the SEC and those identified elsewhere in this
filing, the following factors among others, could cause actual
results to differ materially from forward-looking statements or
historical performance: ability to obtain regulatory approvals and
meet other closing conditions to the mergers, including approval by
Knight and GETCO stockholders, on the expected terms and schedule;
delay in closing the mergers; difficulties and delays in
integrating the Knight and GETCO businesses or fully realizing cost
savings and other benefits; business disruption following the
mergers; the inability to sustain revenue and earnings growth;
customer and client actions; and the inability to realize cost
savings or revenues or to implement integration plans and other
consequences associated with mergers, acquisitions and
divestitures.
SOURCE Knight Capital Group, Inc.