Knight Launches Real-Time Global Transaction Cost Analysis Product Suite
20 November 2008 - 12:00AM
PR Newswire (US)
Suite offers risk-mitigating tools to better help clients achieve
their trading objectives JERSEY CITY, N.J., Nov. 19
/PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (NASDAQ:NITE)
today announced the launch of its real-time global transaction cost
analysis product suite designed for clients using Knight's
electronic and voice trade execution offerings. This new product
suite provides clients with market insights and decision-support
capabilities with both pre- and post-trade analysis to achieve
their trading objectives. When trading with Knight electronically,
clients can utilize the new trade cost analysis product suite on
the Knight Client Center, Knight's web-based portal, and through
Knight Direct EMSTM, Knight's broker-neutral multi-asset class
trading platform. Through both platforms clients are able to
monitor all orders and trades with real-time profit and loss
measurements. When utilizing our program trading services, via
Knight's voice offering, clients can work directly with their
program sales professionals to track their trades throughout the
day and then use the suite's real-time Portfolio Monitoring tool to
track their progress. "Clients in today's highly volatile market
are demanding improved transaction cost analysis tools," said Bill
Cronin, Managing Director at Knight. "Our new product suite brings
this to our clients on a real-time, global basis." Knight's
real-time global transaction cost analysis product suite provides
clients with the information they require when managing the
execution of a portfolio of securities spanning a wide array of
sectors, market capitalization and liquidity. Clients can upload
their portfolios anonymously and generate pre-trade reports that
provide comprehensive analytics including transaction cost
forecasting, risk analysis using statistical risk models,
historical time-series performance analysis and real-time portfolio
trading monitoring. Traders and managers can easily evaluate
individual, algorithmic and strategy performance on orders
executed, and are also able to view market impacting factors such
as percentage of intra-day volume and percentage of average daily
volume (ADV). This analysis can be run against a single basket or
an entire quarter's trade activity and the performance can be
displayed against numerous benchmarks in both a graphical and
tabular format. Post-trade analytical functionality allows clients
to run historical reports for the day, month or quarter, providing
clients with valuable feedback to help in managing risk exposure
and planning the execution of future trades. In addition, clients
can view their profit and loss results across various aggregation
points including sector, market capitalization and liquidity. About
Knight Knight Capital Group, Inc. (NASDAQ:NITE) is a leading
capital markets firm that provides electronic and voice access to
the global capital markets across multiple asset classes for
buy-side, sell-side and corporate clients. In Global Markets, we
provide market access and trade execution services in nearly every
U.S. equity security and a large number of international
securities, fixed income, foreign exchange, futures and options. In
Asset Management, Knight owns a 51 percent stake in Deephaven
Holdings with Deephaven Partners controlling the remaining 49
percent as of February 1, 2008. Deephaven
(http://www.deephavenfunds.com/) is a global, multi-strategy
alternative investment manager serving institutions and private
clients. More information about Knight can be found at
http://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 associated with the unprecedented current market
conditions and the resulting volatility, credit tightening and
counterparty risk, as well as the negative effect on performance
and assets under management in our Asset Management business and
the suspension of redemptions and withdrawals announced in the Form
8-K filed by the Company on October 30, 2008. 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, 2007, 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, 2007, and in other reports or documents the Company files with,
or furnishes to, the SEC from time to time. DATASOURCE: Knight
Capital Group, Inc. CONTACT: Margaret Wyrwas, Senior Managing
Director, Communications, Marketing & Investors Relations,
+1-201-557-6954, ; or Kara Fitzsimmons, Director, Media Relations,
+1-201-356-1523, ; or Jonathan Mairs, Vice President, Corporate
Communications, +1-201-356-1529, , or Mary Gilbert, Vice President,
Marketing Communications, +1-201-386-2825, , or Ludwig Marek, Vice
President, Marketing Communications, +1-201-356-1506, , all of
Knight Capital Group, Inc. Web Site: http://www.deephavenfunds.com/
http://www.knight.com/
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