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Knight’s Algorithmic Execution Strategies Win Buy-Side Technology Awards

November 8, 2010

JERSEY CITY, N.J. and LONDON, Nov. 8, 2010 /PRNewswire/ — Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that its smart order execution algorithm, FAN, has been named “Best Broker-Supplied Tool/Technology,” and its Oasis smart order execution algorithm for sourcing small- and mid-cap liquidity has been named “Best Buy-Side New Product” by Waters Technology in the magazine’s 2010 Buy-Side Technology Awards.

“We see an increasing number of institutions adopting sophisticated liquidity-sourcing technology, including next-generation algorithms like FAN and Oasis,” said Joseph Wald, Managing Director at Knight. “Both are examples of execution strategies that allow buy-side firms of all sizes to participate in the markets on a level playing field using the most sophisticated technology available.”

Knight’s algorithmic suite is accessed through Knight Direct, Knight’s multi-asset class execution management system, as well as through a number of third-party execution and order management systems via Knight Direct’s FIX capabilities. The algorithms are powered by FAN, a smart order execution algorithm which sources liquidity from multiple destinations simultaneously, while adapting to market conditions in real time and re-circulating orders to where executions are occurring. Oasis uses innovative logic to source liquidity in thin and difficult-to-trade names with increased efficiency and opportunities for price improvement as well as greater fulfillment.

“Single-stock algorithms are still evolving through ever-new and better ways to access the markets, with tangible and valuable differences between the offerings. We thank our clients for recognizing what sets Knight apart and helping us to gain recognition through respected independent parties like Waters Technology, as well as for continuing to trust Knight for high-quality trade executions.”

To learn more about Knight’s algorithmic offering, please contact Joe Wald 212.479.2335 or jwald@knight.com.

About Knight

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, the costs, integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired in the future, by the Company and risks related to the costs and expenses associated with the Company’s wind-down of the Deephaven business. 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, 2009, “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter-ended March 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, 2009, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.

SOURCE Knight Capital Group, Inc.


Source: newswire