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Knight Direct EMS Launches Complex Options Order Trading Capabilities

Posted on: Monday, 12 January 2009, 07:30 CST

JERSEY CITY, N.J., Jan. 12 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced the launch of its complex options order capabilities through Knight Direct EMSTM, Knight's multi-asset class trading platform. These capabilities enhance Knight's already extensive options offering by allowing customers to choose from a variety of industry-standard trading strategies, or create their own custom trading strategies.

"We have had a great deal of demand from our clients for complex options execution capabilities," said Bill Cronin, Managing Director at Knight. "We now offer both an intuitive, practical interface, as well as a superior, automated smart-order routing capability with access to every domestic option exchange."

This additional functionality is consistent with the increasing demands for a single desktop application that can handle multi-asset class, domestic and international trading through one unified system. Available in the latest release of Knight Direct EMS, the complex options execution capabilities allow users to build multi-leg custom orders from option contracts listed on all seven of the option exchanges. The custom strategy also allows for the creation of mixed options contracts and equity leg orders, up to four in total. Complex order smart-routing provides for in-line trading of component legs and can be used to work desired strategies.

"We have many clients who, for example, need to hedge their equity positions, whether that be through options, futures or currency," Mr. Cronin said. "We are here to facilitate that complex process."

Knight Direct EMS provides direct market access, through its broker-neutral trading platform, to multiple asset classes, including domestic and non-U.S. equities, futures, options and foreign exchange. Knight Direct EMS offers clients customized features, including industry leading algorithms, to support individual trading styles and enhance tactical efficiencies. For more information about Knight Direct EMS, please contact Bill Cronin at 972.232.4013 or bcronin@knight.com.

Legal disclaimer: The information contained herein lists a service provided by Knight Direct LLC to execute option orders and is not a recommendation, solicitation or offering of options. Options trading is risky and may not be suitable for all investors. Prior to executing any transaction in options, investors must receive the proper option disclosure documentation. For a copy of the Option Clearing Corporation's Characteristics and Risks of Standardized Options, please contact your Knight Direct representative or visit the OCC's website at http://www.theocc.com/publications/risks/riskchap1.jsp.

About Knight

Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services firm that provides electronic and voice access to the 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, futures, options, foreign exchange and fixed income. 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 (www.deephavenfunds.com) is a global, multi-strategy alternative investment manager serving institutions and private clients. More information about Knight can be found at 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 Quarterly Report on Form 10-Q for the three months ended September 30, 2008, 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.

SOURCE Knight Capital Group, Inc.

Source: PR Newswire

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