Knight Capital Group Completes Acquisition of Direct Trading Institutional
17 June 2005 - 8:45AM
PR Newswire (US)
Knight Capital Group Completes Acquisition of Direct Trading
Institutional JERSEY CITY, N.J., June 16 /PRNewswire-FirstCall/ --
Knight Capital Group, Inc. (NASDAQ:NITE) today announced the
completion of its acquisition of the business of Direct Trading
Institutional, Inc., a direct market access firm. The financial
terms of the all-cash transaction were not disclosed. About Knight
Knight is a leading provider of comprehensive trade execution and
asset management services. Our Equity Markets business offers
institutions and broker-dealers high quality trade execution and
capital commitment across the depth and breadth of the equity
market. Our Asset Management business, Deephaven Capital
Management, is a market-neutral investment manager focused on
delivering risk-adjusted returns with low volatility for
institutions and high net worth individuals. Knight strives to be a
valued partner by providing superior service and continually
enhancing its offering to meet client needs. More information about
Knight can be obtained at http://www.knight.com/. About Direct
Trading Institutional Direct Trading was founded in 1997 to provide
institutional investors better trade executions and lower trading
costs. We now provide execution services to roughly 300
institutions that are trading in excess of 2 billion shares per
year. We offer a full-service trading desk as well as "Soft Dollar"
programs to improve returns and lower operating costs. Certain
statements contained herein constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on current
expectations, estimates and projections about the Company's
industry, management's beliefs and certain assumptions made by
management. 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. 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; however, readers
should carefully review reports or documents the Company files from
time to time with the Securities and Exchange Commission including,
without limitation, the risks and uncertainties detailed under the
headings "Certain Factors Affecting Results of Operations" and
"Risks Affecting our Business" in the Company's Annual Report on
Form 10-K. DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret
Wyrwas, Senior Managing Director, Corporate Communications &
Investor Relations, +1-201-557-6954, , or Kara Fitzsimmons, Vice
President, Corporate Communications, +1-201-356-1523, , or Greta
Morley, Vice President, Marketing Communications & Public
Relations, +1-201-557-6948, , or Molly McDowell, Analyst, Corporate
Communications & Investor Relations, +1-201-356-1723 or , all
of Knight Capital Group, Inc. Web site: http://www.knight.com/
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