JERSEY CITY, N.J., May 20 /PRNewswire-FirstCall/ -- Knight Capital
Group, Inc. (Nasdaq: NITE) today commented in response to media
reports on the firm's contributions to stabilize the U.S. equity
markets in response to the sudden plunge in the major market
indexes that occurred the afternoon of May
6, 2010.
- Knight set a new record for U.S. equity volume in a single
trading day by executing $71.6
billion in dollar value traded, 9.3 million trades and 16.5
billion shares traded on May 6,
2010
- Despite the historic surge in volume, Knight's systems never
went down and we experienced only minor issues late in the trading
day
- Approximately 99.6 percent of all orders were executed without
interruption; the orders that were delayed were all filled and any
client issues were addressed
"As one of the single largest providers of U.S. equity
liquidity, Knight contributed to the stabilization of the
markets by providing record amounts of liquidity to our clients,"
said Thomas M. Joyce, Chairman and
Chief Executive Officer, Knight Capital Group. "We have never been
prouder of the performance of our employees and of our technology
and we will continue to provide our clients with some of the finest
execution quality in the industry."
About Knight
Knight Capital Group, Inc. (Nasdaq: NITE) is a global financial
services firm that provides market access and trade execution
services across multiple asset classes to buy- and sell-side firms.
Knight's hybrid market model features complementary electronic and
voice trade execution services in global equities and fixed income
as well as foreign exchange, futures and options. The firm is the
leading source of liquidity in U.S. equities by share volume.
Knight also offers capital markets services to corporate issuers.
Knight is headquartered in Jersey City,
NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information,
please go to 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 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,
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.