NITE Nightstar Therapeutics Plc ADS

Knight Appoints Martin B. Coughlan Head of International Trading and Sales in London JERSEY CITY, N.J., Nov. 10 /PRNewswire-FirstCall/ -- Knight Trading Group, Inc. today announced that it has named Martin B. Coughlan Managing Director with responsibility for the company's international trading team and institutional sales force in London, effective December 1, 2003. Mr. Coughlan, 32, joins Knight from Citigroup, Inc., where he was Head of Pan European Equity Trading and managed the firm's trading staff and operations in London and throughout Europe. He will oversee Knight's London office, which encompasses trading in international equities, including local shares and American Depository Receipts (ADRs), as well as sales trading for non-U.S. institutions seeking executions in U.S. equities. "Throughout 2003, Knight has taken several steps to prime its international sales and trading arm for growth in 2004," said Thomas M. Joyce, Chief Executive Officer and President of Knight Trading Group. "We hired an International Sales Trading team in July and then restructured our International Trading desk, already processing significant broker-dealer order flow, to better support the new team's institutional clients. The appointment of Martin, with his strong trading background and experience in the European markets, is the finishing touch on these efforts. He will lead a London operation that has been reorganized to serve broker-dealers and institutions, international and U.S. firms alike, in the global markets they want to trade. Moreover, with Martin developing and overseeing trading operations in Europe on top of our already strong international trading desk in Jersey City, we can effortlessly serve our clients in real time." Biography Martin B. Coughlan Managing Director Knight Securities International, Ltd. Martin B. Couglin, 32, is responsible for overseeing Knight's international trading and sales operations in London. He joined the company after nearly 10 years with Citigroup Inc. Most recently, he was Head of Pan European Equity Trading with responsibility for the firm's trading staff and operations in London, Frankfurt, Madrid and Milan. Martin also was involved in managing risk and hedging, with oversight for both the proprietary and customer facilitation books for the Cash Equity Department. Martin started his career in 1989 as a Market Maker for Smith New Court. He helped manage the German Trading Book before taking on responsibility for the firm's Italian Market Making Book. In 1993, he joined Credit Lyonnais where he ran the proprietary and customer facilitation book for Italian and Dutch Equities. He left for Citigroup in 1994. Martin attended Mayflower Comprehensive School in Billericay, England. Knight is focused on meeting the needs of institutional and broker-dealer clients by providing comprehensive trade execution services in cash equities and options. A leading execution specialist, Knight offers capital commitment and access to a deep pool of liquidity across the depth and breadth of the market as it strives to provide superior client service. Knight also maintains a $1.4 billion asset management business for institutions and high net worth individuals. More information about Knight can be obtained at http://www.knighttradinggroup.com/. Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. 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. 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; however, readers should carefully review reports or documents the Company files from time to time with the Securities and Exchange Commission. DATASOURCE: Knight Trading Group, Inc. CONTACT: Margaret Wyrwas, Managing Director, Corporate Communications & Investor Relations, +1-201-557-6954, , or Kara Fitzsimmons, Vice President, Corporate Communications, +1-201-356-1523, , or Judy Pirro, Vice President, Investor & Shareholder Relations, +1-201-356-1548, , or Catherine Smith, Assistant Vice President, Marketing Communications & Public Relations +1-201-557-6992, , all for Knight Trading Group, Inc. Web site: http://www.knighttradinggroup.com/

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