Knight BondPoint Launches BondScope™ Electronic Fixed Income Trade Monitor and Compliance Solution
JERSEY CITY, N.J., Oct. 5, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Knight BondPoint launched BondScope to help clients improve their trade execution quality and market transparency within the fixed income markets.
Developed based on client feedback, BondScope is a customizable, robust electronic surveillance tool for pre- and post-trade transaction review and oversight. The addition of BondScope adds to Knight BondPoint's already extensive suite of electronic fixed income trading solutions.
"Over the last few years there has been a real push throughout the fixed-income industry to improve market transparency and execution quality," said William Vulpis, Managing Director at Knight BondPoint. "We developed BondScope to assist our clients with their best execution obligations to their end customers through price transparency, trade audits and market analytics."
Both BondScope's pre-trade and post-trade applications allow trading desk managers and compliance officers to establish a unique set of criteria to monitor orders and flag for review those that deviate from specified rules. All activity and trade audit results are archived and easily accessible for reference and reporting. BondScope also provides a comprehensive centralized view of market data and historical trades, enabling users to compare and review bonds.
"Knight BondPoint has streamlined the often-burdensome task of fixed-income price discovery. With BondScope, identifying where an issue has previously traded or evaluating where similar bonds are priced is quite simple," Mr. Vulpis said. "Our clients have access to data analysis tools and can set their own parameters or isolate bonds based on a specific asset class or other defined criteria."
BondScope is available as a fully integrated component of the Knight BondPoint Trader and Broker Workstations, or as an independent application to support clients' proprietary and third-party trading platforms. BondScope is completely flexible and can be configured to firm-specific compliance rules and trade desk workflows.
Knight BondPoint is a division of Knight Execution & Clearing Services LLC. Member SIPC.
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 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 related to the announced corporate restructuring, including the ability to recognize anticipated cost savings, the possibility of unexpected costs or expenditures, and the impact of the restructuring on the Company's businesses and results of operations, 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.
SOURCE Knight Capital Group, Inc.
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