Knight Introduces Knight Link: A New Source of Liquidity for Europe

November 11, 2009 2:00 AM EST

JERSEY CITY, N.J. and LONDON, Nov. 11 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced the official launch of Knight Link in Europe, an innovative trading model for European equities which provides institutional and retail broker-dealers with access to Knight's unique liquidity.

"We are very excited to be launching Knight Link in Europe," said Kee-Meng Tan, Managing Director, Head of the Electronic Trading Group in Europe. "Knight Link is designed to bring European clients quality executions with high fulfilment rates and low cost on a low-latency platform."

Knight Link is authorised and regulated by the UK Financial Service Authority as a Systematic Internaliser, in accordance with the Markets in Financial Instruments Directive. Knight Link helps clients to achieve MiFID-mandated best execution requirements through a combination of high-quality stock execution and low transaction costs.

"Knight Link is customisable to each client's needs and preferences," Mr. Tan added. "We accommodate a wide range of trading architectures and capacity requirements based on our leading technology, extensive market-making operation, and connectivity to the full range of trading venues in Europe."

Knight introduced Knight Link to a handful of institutions with European operations in January 2009, and Knight Capital Europe Limited commenced business as a Retail Service Provider in the U.K. in June 2009. Knight also will begin offering its market-making services on the Equiduct regulated market shortly, bringing best execution to the continental European retail market. Knight Link offers rapid order execution in a broad and growing range of pan-European large- and mid-cap equities, bringing together execution of institutional and retail flow. Since early 2009, Knight Link has added both institutional and retail broker-dealer clients, regularly trading more than US$100 million (euro 67 million) daily.

Knight Link in Europe is based on the highly successful model Knight developed for trading in the U.S. equity markets. In the U.S., Knight Link provides access to one of the largest sources of off-exchange liquidity in the marketplace with 129 million U.S. equity shares traded daily in October 2009.

Knight provides clients with voice and electronic access and trading in Europe through our London-based trading operations. Knight is a direct member of more than 20 European exchanges and multilateral trading facilities (MTFs).

For more information on Knight Link in Europe, please contact Mr. Tan at +44 (0)20 7997 7778 and fax +44 (0)20 7997 7726.

About Knight

Knight Capital Group, Inc. (Nasdaq: NITE) is a global capital markets firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is consistently ranked as the leading source of off-exchange liquidity in U.S. equities. Knight also provides capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information, please go to 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 the costs, integration, performance and operation of businesses recently acquired, or that may be acquired in the future, by the Company and risks related to the 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.

SOURCE Knight Capital Group, Inc.

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