JERSEY CITY, N.J., May 14, 2013 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Knight Hotspot FX was recognized for Most Improved Market Share among Multi-Bank and Independent Platforms in Euromoney's annual benchmark survey of the global FX industry.
"Knight Hotspot is honored to be recognized in the Euromoney FX Survey for Most Improved Market Share by a multi dealer platform," said John Miesner, Managing Director and Head of Global Sales, Knight Hotspot FX. "The Knight Hotspot team remains focused on delivering unique liquidity solutions to our growing and diverse client base. This award confirms that our offerings resonate with an expanding number of participants, which has been reflected in our market share growth over the last three years, culminating with our best market share performance on record in April."
Knight Hotspot FX's market share among spot FX reporting venues rose to approximately 9.55 percent in 2012 from 8.71 percent in 2011. In April 2013, Knight Hotspot's market share rose to a record 10.26%.
The Euromoney Foreign Exchange survey is the most comprehensive quantitative and qualitative annual study available on the FX markets. The survey launched in January 2013 and represents trading activity from the previous calendar year. The number of respondents to the survey exceeded 16,000 professionals from the global foreign exchange market. The results were revealed at a dinner held May 8, 2013 in London.
Knight Hotspot FX LLC is a subsidiary of Knight Capital Group, Inc. Knight Hotspot FX in Europe is a division of Knight Capital Europe Limited.
Knight Capital Group (NYSE Euronext: KCG) is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including broker-dealers, institutions and corporations. Knight is headquartered in Jersey City, N.J. with a global presence across the Americas, Europe, and the Asia Pacific regions. For further information about Knight, please visit www.knight.com.
SOURCE Knight Capital Group, Inc.