The following are comments from Knight Capital Group Inc. (NITE) Chairman and Chief Executive Tom Joyce at the Goldman Sachs U.S. Financial Services Conference:

12:08 p.m.: When asked about growth in fixed income, where it seems everyone in financial services is expanding, Joyce says "there will always be a desire for clients to have an unconflicted counterparty."

12:06 p.m.: Joyce says the payment for order flow issue is "way down in the queue" for lawmakers in Washington, D.C.

12:04 p.m.: Joyce offers that in the last year Knight had two days where the company lost more than $4 million in revenue. On the flip side, however, Knight had more than 100 days when it made more than $4 million.

12:00 p.m.: Knight's options market making initiative has room to grow since the competitive nature of business has knocked margins down across the industry. "For us it's all additive, so we expect it to begin at excess of 20% a year," he said.

11:52 a.m.: Joyce says potential regulatory actions on measures such as flash orders was at first "an emotional response not well-founded in data." While difficult to predict, he hopes by the middle of the spring that "this kind of cloud" will go away.

11:47 a.m.: Joyce says Knight has made 30 new hires in its self-clearing business. Knight began self-clearing trades two weeks ago and is now clearing 20,000 trades a day.

-By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com
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