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April 23rd, 2008 - Knight Capital Group, Inc. (Nasdaq: NITE) announced today enhancements to its electronic trading platform, Knight Direct EMS, that give institutional traders the ability to trade European equities and foreign currencies. A broker-neutral trading platform, Knight Direct EMS offers direct market access to multiple asset classes, including U.S. and non-U.S. equities, futures, options and foreign exchange.
Knight Capital Group Adds European Equities and Foreign Exchange Capabilities to Knight Direct EMS
"Knight offers an expansive solution for electronic, global trading including direct market access to major European exchanges, low-latency market data and a host of sophisticated functionality such as portfolio trading," said Joseph Wald, Managing Director, Direct Trading Institutional, L.P., a subsidiary of Knight Capital Group. "Institutional traders seeking self-directed connectivity to a wide range of liquidity destinations in a post-MiFID environment can look to our expertise and technology to address their needs."
Joseph Wald, Managing Director, Direct Trading Institutional, L.P: "Knight offers an expansive solution for electronic, global trading including direct market access to major European exchanges"
With direct market access to most European exchanges, Knight Direct EMS offers native functionality in each exchange and market, giving U.S. and European traders powerful liquidity management solutions in dealing with fragmentation of the European equities marketplace.
In addition to the European equities trading capabilities, Knight has added electronic access to the spot foreign exchange market through subsidiary Hotspot FX, making Knight Direct EMS a virtual one-stop shop for flexible trading capabilities in multiple asset classes. Hotspot provides access to trading in 48 currency pairs as well as gold and silver through a transparent ECN model which supports enhanced trade execution management and transaction cost analysis as well as alpha generation.
"With newly added capabilities in European ordinaries and currencies, Knight Direct EMS offers a robust platform to asset managers and hedge funds seeking self-directed trading solutions to efficiently source liquidity across multiple asset classes," said Mr. Wald.
Knight Direct EMS is offered through Knight's subsidiaries, Direct Trading Institutional, L.P. and Knight Equity Markets International Ltd.
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