Knight Appoints Bradley W. Duke Head of Institutional Electronic Sales in Europe
July 16 2008 - 1:45AM
PR Newswire (US)
JERSEY CITY, N.J. and LONDON, July 16 /PRNewswire-FirstCall/ --
Knight Capital Group, Inc. (NASDAQ:NITE) today announced the
appointment of Bradley W. Duke to the newly-created position of
Managing Director, Head of Institutional Electronic Sales in
Europe. Mr. Duke joined Knight from Jefferies & Company, Inc.
where he worked in European institutional electronic sales and
business development for the past eight years. 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 Gregory C. Voetsch, Executive Vice President and Head of the
Institutional Group. "We believe that Knight's expansion of our
electronic capabilities in Europe will be fully complementary to
our best-in-class voice trade execution services. Knight has a
significant traditional sales trading presence out of London, and
now we are turning our eye to increasing our electronic trading
reach in Europe as well. Knight is committing considerable
resources to our European expansion, including hiring talent with
in-depth knowledge of European market structure." 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 Bradley W. Duke Managing Director, Head of
Institutional Electronic Sales in Europe Knight Equity Markets
International Limited Bradley W. Duke, 39, joined Knight from
Jefferies where he was Senior Vice President and Head of Electronic
Trading Services for Jefferies International Limited based in
London. 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 Harvard Business School, an MBA from Vrije Universiteit
Brussels and a BA in Economics from the University of Cape Town.
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 (http://www.deephavenfunds.com/) is a
global, multi-strategy alternative investment manager serving
institutions and private clients. 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 the costs,
integration, performance and operation of businesses recently
acquired, or that may be acquired in the future, by the Company.
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, 2007, 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, 2007, 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: CONTACTS: Margaret
Wyrwas, Senior Managing Director, Communications, Marketing &
Investor Relations, +1-201-557-6954, , or Kara Fitzsimmons,
Director, Media Relations, +1-201-356-1523, , or Mary Gilbert, Vice
President, Marketing Communications, Broker-Dealer Group,
+1-201-386-2825, , or Ludwig Marek, Vice President, Marketing
Communications, Institutional Group, +1-201-356-1506, , all of
Knight Capital Group, Inc. Web Site: http://www.knight.com/
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