JERSEY CITY, N.J. and LONDON, April 13, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the introduction of Knight Match Europe, a non-displayed liquidity venue for the trading of European equities. Knight Match provides a unique pool of liquidity to the European marketplace, bringing together retail, institutional, algorithmic and principal order flow.
Knight Match is a broker crossing system that provides anonymous access and trade execution opportunities to seek price improvement. Knight Match Europe's differentiating feature is the presence of retail order flow, both resting and marketable, within the pool. The combination of orders originating from institutional desks and buy-side algorithms as well as from Knight's retail broker-dealer clients and Knight Link Europe's market-making flow provides increased fulfilment opportunities. Orders are executed according to a price/equal split protocol, providing a level playing field by fulfilling at the best price equally split among all matching orders, rather than simply fulfilling on a first-come, first-serve basis. Another distinguishing factor of Knight Match Europe is the various order types accepted in the venue: Limit Orders (LMT), Immediate-or-Cancel (IOC), Peg Orders (Mid- and Near-Touch).
Knight Match Europe is based on the highly successful model Knight developed for trading in the U.S. equity markets. Knight Match uses the same technology standards that support Knight's high volume, low latency trading infrastructure. Knight can accommodate a wide range of trading architectures and capacity requirements based on our leading technology, extensive market-making operation, and direct memberships of more than 20 European exchanges and multilateral trading facilities (MTFs).
Clients can access Knight Match Europe through the following: Knight Direct execution management system, Knight's full suite of algorithms, FIX 4.2, Bloomberg, FidessaNet, ULNet, Thompson Reuters, TradeWeb, Trading Screen and any FIX-compliant EMS/OMS.
The introduction of Knight Match Europe follows the successful November 2009 launch of Knight Link Europe and continues the company's efforts to provide alternative liquidity products and enhance its capabilities in pan-European equities.
For more information, please contact Bradley Duke, Managing Director and Head of Knight Direct in Europe, at 44.20.7997.7818 or [email protected]; or Kee-Meng Tan, Managing Director and Head of the Electronic Trading Group in Europe, at 44.207.997.7778 or [email protected].
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 buy- and sell-side firms and corporations. Knight is headquartered in Jersey City, N.J. with a growing global presence across the Americas, Europe, and the Asia-Pacific region. For further information about Knight, please visit 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 changes in market structure, legislative or regulatory rule changes and the costs, risks related to the performance of Knight's Electronic Trading Group, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. 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, 2010, 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, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.