Knight Appoints David Sellers Head of Sales for Hotspot FX in Europe

Oct 13, 2010, 03:00 ET from Knight Capital Group, Inc.

JERSEY CITY, N.J. and LONDON, Oct. 13 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the appointment of David I. Sellers, Managing Director, Head of Sales for Hotspot FX in Europe.

Mr. Sellers joins Hotspot FX from EBS/ICAP where he led new business development. Based in London, he oversees sales for Hotspot in both the UK and continental Europe, covering Hotspot's diverse client base of banks, hedge funds, institutions, commodity trading advisors (CTAs) and corporates. Mr. Sellers will report to John Miesner, Head of Global Sales for Hotspot FX.

"Due to effective client development and the continuing currency volatility, Hotspot FX's reported volume year-to-date is more than 80 percent higher than the same period last year," said Mr. Miesner. "David has the requisite management experience, relationships and industry knowledge that will allow us to further penetrate the European market. I am pleased to welcome him to the team."

Hotspot FX, LLC, a subsidiary of Knight Capital Group, Inc., operates the first foreign exchange ECN for institutions. Hotspot FX allows a diverse and expanding client base access to deep liquidity in more than 50 currency pairs plus gold and silver with speed, competitive pricing, full depth-of-book transparency and complete anonymity. The platform employs a multiple prime broker credit model offering flexible means of access, including Java and FIX API and the Knight Direct GUI, as well as a comprehensive array of order types and FX algorithms. Hotspot FX in Europe is a division of Knight Capital Europe Limited.

"I'm delighted to be joining Knight," said Mr. Sellers. "We have a great opportunity to grow the FX spot business in Europe through our existing client base and new target prospects. It's a challenge I very much look forward to."

Mr. Sellers is based in London, phone 44.20.7997.7869 or email


David I. Sellers

Managing Director

David I. Sellers, Managing Director and Head of Sales in Europe for Hotspot FX, is an experienced sales leader in global currencies and fixed income.

Prior to joining Hotspot, Knight's institutional electronic foreign exchange platform, Mr. Sellers was New Business Development Manager for EBS/ICAP where he helped launch the EBS Prime model for buy-side algorithmic clients. David joined EBS in March 2004 after senior sales positions across the industry, including at Liquidnet, Atriax and Cognotec, where he primarily was involved in growing new business. He also worked at Reuters from 1992 to 1999 in various roles including customer support, training, account management and new business for Reuters Transaction Services and Real-Time Solutions for equities and fixed income. He started his career in banking and back-office operations at Westpac and EFG Private Bank & Trust.

About Knight

Knight Capital Group, Inc. (NYSE Euronext: KCG) is a global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across the Americas, Europe and the Asia-Pacific region. For more information, please go to

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