Knight Introduces Global Program Trading
Enhanced offering to leverage Knight's established algorithms, infrastructure and connectivity
Strategic hires with developed and emerging markets program trading expertise to complement institutional sales and trading team
JERSEY CITY, N.J. and LONDON, April 27, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today introduced Knight Global Program Trading to provide institutions in the Americas, Europe and Asia with program trading capabilities combining global equities sales and trading expertise with Knight's multi-market technology and liquidity.
Knight Global Program Trading offers equity program trading, index rebalancing and transition management, with support by the company's sales and trading desks using Knight's algorithms, smart order routing and pre- and post-trade reporting and analysis. Knight is connected to more than 100 public and private markets worldwide covering 100 percent of the MSCI developed and emerging markets and a growing number of MSCI frontier markets. Additionally, Knight's extensive and expanding network of local broker relationships helps to ensure smooth cross-border trading.
"Knight enhanced its world-class program trading offering with greater global reach and by leveraging our technology, scale and success trading less-liquid securities across fragmented markets," said Gregory C. Voetsch, Executive Vice President and Head of Global Equities, Knight. "We have hired and continue to add key program trading personnel across the U.S., Europe and Asia, and we've extended Knight's connectivity to even more markets. Knight's expanded international capabilities, the experience of our team and our methodology for trading client orders together create further opportunities to reduce transaction costs on behalf of our institutional clients."
Knight Global Program Trading is headed by managing directors Jenkins Marshall and John Shaw who oversee a program trading desk that includes 20 sales and trading experts based in the U.S., Europe and Asia. The company has added to its existing program trading offering over the last 12 months with new hires and technology developed specifically for the Knight Global team to use on behalf of institutional clients, including algorithms, basket-trading capabilities, complex strategies and pre- and post-transaction cost analysis tailored for program trading.
For more information about Knight Global Program Trading, please contact [email protected] or the following:
America +1.212.336.8663
Europe +44.20.7997.7812
Asia +852.3987.5500
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.
SOURCE Knight Capital Group, Inc.
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