Knight Capital Group Expands ETF Capabilities, Adds Sales and Trading Staff
June 23 2009 - 8:00AM
PR Newswire (US)
JERSEY CITY, N.J., June 23 /PRNewswire-FirstCall/ -- Knight Capital
Group, Inc. (NASDAQ:NITE) today announced an expansion of
exchange-traded fund (ETF) capabilities with the hiring of a team
led by Managing Directors Reginald M. Browne, Eric D. Lichtenstein
and Darren J. Taube. The ETF team is comprised of a total of
thirteen sales and trading staff in Jersey City and two in London.
"Use of ETFs among institutional investors is increasing across
strategies and new products are constantly entering into the
marketplace," said Greg Voetsch, Executive Vice President, Head of
Institutional Client Group at Knight Capital Group. "We're building
on our existing ETF trading capabilities to enhance Knight's
liquidity and global multi-asset class offering. Reginald, Eric,
Darren and the team bring a tremendous amount of product and
trading expertise in a category that has witnessed accelerated
growth." Knight provides market access and trade execution services
across multiple asset classes to buy- and sell-side firms. The firm
provides institutional clients with access to a global sales and
trading platform spanning three continents for trading global
equities and fixed income. In addition, the firm provides execution
services in foreign exchange, futures and options. Knight engages
in trading and market-making in more than 19,000 U.S. equities and
is the leading source of off-exchange liquidity in U.S. equities by
share volume. Browne, Lichtenstein and Taube joined Knight from
Newedge USA, where they served as Co-Heads of the ETF Index Group.
The three will report directly to Greg Voetsch. The ETF team
operates from Knight's headquarters at 545 Washington Boulevard,
Jersey City, NJ 07310, phone 212.366.8760. Biographies Reginald M.
Browne Managing Director, ETF Team Knight Equity Markets Reginald
M. Browne is Managing Director, ETF team for Knight Equity Markets.
Mr. Browne is a 15-year ETF industry veteran with a core focus on
market-making and institutional sales. He joined Knight in June
2009 from Newedge USA where he was the Co-Head and Senior Vice
President in the ETF Index Group and led a global expansion of
institutional sales. Reginald began his career at O'Connor &
Associates in Philadelphia and has held senior leadership roles at
various Wall Street firms since 1990. Reginald has a bachelor of
science in finance from La Salle University. Eric D. Lichtenstein
Managing Director, ETF Team Knight Equity Markets Eric D.
Lichtenstein is Managing Director, ETF team for Knight Equity
Markets. Mr. Lichtenstein is a 12-year ETF industry veteran with a
core focus on market-making and institutional sales. He joined
Knight in June 2009 from Newedge USA where he was the Co-Head and
Senior Vice President in the ETF Index Group. Eric began his career
at Spear, Leeds & Kellogg as a Specialist in the Index
Derivatives Group. In 2000, he co-founded a market-making firm on
the American Stock Exchange, which was integrated into Newedge in
December 2006. Eric has a bachelor of science in nutritional
sciences from Cornell University. Darren J. Taube Managing
Director, ETF Team Knight Equity Markets Darren J. Taube is
Managing Director, ETF team for Knight Equity Markets. Mr. Taube is
a 13-year ETF industry veteran with a core focus on market-making
and institutional sales. He joined Knight in June 2009 from Newedge
USA where he was the Co-Head and Senior Vice President in the ETF
Index Group. Darren began his career at Spear, Leeds & Kellogg
as a Specialist in the Index Derivatives Group. In 2000, he
co-founded a market-making firm on the American Stock Exchange,
which was integrated into Newedge in December 2006. Darren has deep
experience trading global indexes and extensive relationships among
institutional investors. Darren has a bachelor of business
administration from Emory University. About Knight Knight Capital
Group, Inc. (NASDAQ:NITE) is a leading financial services firm that
provides electronic and voice access to the global 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 global equities and fixed income, foreign exchange,
futures and options. Our approach to trading combines deep
liquidity with robust trading technology and capital facilitation,
when necessary, to deliver high quality trade executions consistent
with client defined measures. Our Corporate segment invests in
strategic, financial services-oriented opportunities, allocates,
deploys and monitors all capital and maintains all corporate
overhead expenses. Our Asset Management segment is reported as a
discontinued operation as of March 31, 2009. More information about
Knight can be found at http://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 (i) the costs,
integration, performance and operation of businesses recently
acquired, or that may be acquired in the future, by the Company,
and (ii) the closing of the sale of substantially all of the assets
of the Asset Management business and costs and expenses associated
with the Company's exit from the Asset Management 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, 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, 2008, and in other reports or documents the
Company files with, or furnishes to, the SEC from time to time.
DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret Wyrwas,
Senior Managing Director, Communications, Marketing, & Investor
Relations, +1-201-557-6954, ; or Kara Fitzsimmons, Director, Media
Relations, +1-201-356-1523, ; or Jonathan Mairs, Vice President,
Corporate Communications, +1-201-356-1529, Web Site:
http://www.knight.com/
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