Knight Link(TM) Ranked The #1 Dark Pool By Share Volume in Tabb Group's LiquidityMatrix(TM) for October 2008
02 December 2008 - 1:15AM
PR Newswire (US)
JERSEY CITY, N.J., Dec. 1 /PRNewswire-FirstCall/ -- Knight Capital
Group, Inc. (NASDAQ:NITE) today announced that Knight Link(TM), an
electronic access point into Knight's off-exchange liquidity, was
ranked the number one dark pool in TABB Group's LiquidityMatrix(TM)
in terms of U.S. equity shares traded and overall market share for
the month of October 2008. During the month, Knight Link executed
average daily volume of 194.6 million matched, single-counted U.S.
equity shares, which accounted for matched dark pool market share
of 27.4 percent. "We are very pleased with Knight Link's ascent
into the number one position in TABB Group's monthly ranking of
dark liquidity providers," said Jamil Nazarali, Managing Director
and Global Head of the Electronic Trading Group. "Knight Link
provides clients with tremendous utility in terms of anonymity,
quality fills, high speed and low costs. Clients have responded by
making Knight Link a preferred destination for accessing dark
liquidity." Knight Link provides clients with rapid electronic
trade executions 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. TABB Group's LiquidityMatrix
provides liquidity and pricing information on U.S. exchanges, ECNs,
dark pools and crossing networks. For more information about Knight
Link, please contact Tara Muller at 201 557 6904 or , or Erica
Attonito at 201 386 2833 or . 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 & Investor 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, Web Site:
http://www.deephavenfunds.com/ http://www.knight.com/
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