Knight Launches Oasis Small- And Mid-Cap Algorithm For European Equities

JERSEY CITY, N.J. and LONDON, April 20 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced the launch of Oasis, a smart order execution algorithm that sources small- and mid-cap liquidity, for European equities.

Oasis uses innovative logic to source liquidity in thin and difficult-to-trade names with increased efficiency and opportunities for price improvement as well as greater fulfilment. The strategy evaluates liquidity, volatility, price trend, momentum and other characteristics in real time to determine the best sources of liquidity to help minimize market impact. Oasis also includes anti-gaming procedures such as continuous monitoring for adverse trading behaviour to further help minimize information leakage.

"Knight does not subscribe to a one-size-fits-all approach. That philosophy has led Knight to become an innovator in creating new categories of algorithms, including situation-specific algorithms like Oasis," said Bradley Duke, Managing Director at Knight. "Higher volatility, reduced liquidity and wider spreads are just a few of the challenges associated with trading small- and mid-cap stocks. Knight has deep expertise in these often thinly traded names as well as in the complexities of trading across the fragmented European marketplace."

Oasis is a new addition to Knight's Algorithmic Suite for European equities. The algorithms are powered by FAN™, a smart order execution algorithm which sources liquidity from multiple exchange and MTF destinations simultaneously while adapting to market conditions in real time and re-circulating orders to where executions are occurring.

Oasis and Knight's entire Algorithmic Suite are accessed through Knight Direct, Knight's multi-asset class execution management system, as well as through a number of third-party execution and order management systems via Knight Direct's FIX capabilities. To  learn more about Knight's European algorithmic offering, please contact Bradley Duke at [phone] or [e-mail].

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 in this report. 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, 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.

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