Knight Appoints Kee-Meng Tan Head of the Electronic Trading Group in Europe
25 November 2008 - 7:00PM
PR Newswire (US)
JERSEY CITY, N.J. and LONDON, Nov. 25 /PRNewswire-FirstCall/ --
Knight Capital Group, Inc. (NASDAQ:NITE) today announced the
appointment of Kee-Meng Tan to the newly-created position of
Managing Director, Head of the Electronic Trading Group (ETG) in
Europe. Mr. Tan will lead the European introduction of Knight Link,
the firm's highly successful off-exchange liquidity source. Mr. Tan
joined Knight last spring from CQS Management, a London-based
alternative asset manager, where he was an equity derivatives
trader. Prior to that, he was Head of EMEA Global Execution
Services at JP Morgan. "As a firm, Knight is focused on developing
our liquidity offering within Europe," said Jamil Nazarali,
Managing Director and Global Head of the Electronic Trading Group.
"Knight Link is a proven trade execution service in the U.S. with
nearly US$5 billion in average daily dollar value traded in
October. We believe the time is right to bring the Knight Link
model of access to dark liquidity, high fulfillment rates and
low-cost trade execution to Europe." Knight Link provides clients
with rapid, electronic trade execution in a broad range of equities
while helping clients reduce trading costs and limit market impact.
Knight Link can accommodate a wide range of trading architectures
and capacity requirements for easy integration into a firm's smart
order router, dark liquidity-seeking algorithms and/or OMS systems.
Knight Link has developed innovative technologies using built-in
anti-gaming logic designed to protect clients. "Knight Link is
fully customizable and provides clients with tremendous utility in
terms of anonymity, quality fills, high speed and low costs," Mr.
Tan said. "We look forward to rolling out Knight Link to clients
across Europe in the coming months." As part of this effort, Knight
will also become a Retail Services Provider (RSP) in the UK,
providing market making services, initially in FTSE 350 stocks, to
the retail market. Mr. Tan is based in Knight's London office,
phone +44 (0)20 7997 7715 and fax +44 (0)20 7997 7700. Biography
Kee-Meng Tan Managing Director, Head of the Electronic Trading
Group in Europe Knight Equity Markets International Limited
Kee-Meng Tan is responsible for overseeing broker dealer electronic
trading including Knight Link Europe. He joined Knight from CQS
Management, the London-based hedge fund, where he was an equity
derivatives trader. Prior to that, he was Head of EMEA Global
Execution Services at JP Morgan where he was responsible for
portfolio, algorithmic and ETF trading. Mr. Tan has a MBA from New
York University's Stern School of Business and a BA from Vassar
College. 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: CONTACT: Margaret Wyrwas, Senior
Managing Director, Communications, Marketing, +1-201-557-6954 or ,
or Kara Fitzsimmons, Director, Media Relations, +1 201-356-1523, ,
or Jonathan Mairs, Vice President, Corporate Communications &
Investor Relations, +1-201-356-1529, or , or Mary Gilbert, Vice
President, Marketing Communications, +1-201-386-2825, or , all of
Knight Capital Group, Inc. Web Site: http://www.knight.com/
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