JERSEY CITY, N.J. and LONDON , July 16 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced the appointment of
Mr. Duke is responsible for overseeing sales of Knight's electronic market access and trade execution services to European-based institutional firms, including asset managers, hedge funds, pension funds, broker-dealers insurance companies and banks.
'Europe is one of Knight's critical areas for growth over the next several years,' said
Through its hybrid market model, Knight provides clients the choice of market access and high-quality executions through the combination of electronic and voice access and trade execution services. The European trade execution industry is facing increasing liquidity fragmentation following the implementation of the Markets in Financial Instruments Directive (MiFID) in November 2007 , and the increasing adoption of electronic access and trading. Knight's institutional electronic offering includes Knight Direct EMS, a multi-asset class direct market access platform; EdgeTrade algorithmic strategies, including smart order execution technologies; Knight Match, an anonymous, agency-only dark pool for U.S. equities; and the Hotspot FX foreign exchange ECN.
Knight is a direct member of nine European exchanges, including NYSE Euronext, Deutsche Bourse and the London Stock Exchange. The company continues to add access to major liquidity pools in Europe , including newly established multi-lateral trading facilities (MTFs).
'The liquidity within the European trade execution industry is becoming increasingly fragmented post-MiFID,' Mr. Duke said. 'Knight has an opportunity to apply its vast knowledge of sourcing liquidity to the European context. European traders are already looking for more advanced electronic trading platforms that include next-generation aggregation algorithms coupled with direct market access technology. To meet demand, Knight will be rolling out Knight Direct EMS and EdgeTrade algorithms, tailored for the European client and markets, in the coming months.'
Mr. Duke is based in the London office at Guildhall House, 81-87 Gresham Street, London , phone +44 (0)20 7997 2200 and fax +44 (0)20 7997 2220.
Biography
Managing Director, Head of Institutional Electronic Sales in Europe
Knight Equity Markets International Limited
Mr. Duke joined Helfant Group, Inc. in 2000, prior to the firm's acquisition by Jefferies in 2001. He was Vice President, Business Development for Jefferies Execution Services in New York before taking on the electronic trading services role in London . Mr. Duke also has held various sales, marketing and business analysis positions at technology firms in the U.S. and Europe .
Mr. Duke has a certificate in Business-to-Business Marketing Strategy from
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.
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SOURCE Knight Capital Group, Inc.
