Knight Capital Group Expands ETF Capabilities, Adds Sales and Trading Staff

JERSEY CITY, N.J., June 23  /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (NASDAQ:NITE) today announced an expansion of exchange-traded fund (ETF) capabilities with the hiring of a team led by Managing Directors Reginald M. Browne, Eric D. Lichtenstein and Darren J. Taube. The ETF team is comprised of a total of thirteen sales and trading staff in Jersey City and two in London.

"Use of ETFs among institutional investors is increasing across strategies and new products are constantly entering into the marketplace," said Greg Voetsch, Executive Vice President, Head of Institutional Client Group at Knight Capital Group. "We're building on our existing ETF trading capabilities to enhance Knight's liquidity and global multi-asset class offering. Reginald, Eric, Darren and the team bring a tremendous amount of product and trading expertise in a category that has witnessed accelerated growth."

Knight provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. The firm provides institutional clients with access to a global sales and trading platform spanning three continents for trading global equities and fixed income. In addition, the firm provides execution services in foreign exchange, futures and options. Knight engages in trading and market-making in more than 19,000 U.S. equities and is the leading source of off-exchange liquidity in U.S. equities by share volume.

Browne, Lichtenstein and Taube joined Knight from Newedge USA, where they served as Co-Heads of the ETF Index Group. The three will report directly to Greg Voetsch.

The ETF team operates from Knight's headquarters at 545 Washington Boulevard, Jersey City, NJ 07310, phone [phone].

  Biographies



  Reginald M. Browne
  Managing Director, ETF Team
  Knight Equity Markets



Reginald M. Browne is Managing Director, ETF team for Knight Equity Markets.

Mr. Browne is a 15-year ETF industry veteran with a core focus on market-making and institutional sales. He joined Knight in June 2009 from Newedge USA where he was the Co-Head and Senior Vice President in the ETF Index Group and led a global expansion of institutional sales. Reginald began his career at O'Connor & Associates in Philadelphia and has held senior leadership roles at various Wall Street firms since 1990.

  Reginald has a bachelor of science in finance from La Salle University.



  Eric D. Lichtenstein
  Managing Director, ETF Team
  Knight Equity Markets



Eric D. Lichtenstein is Managing Director, ETF team for Knight Equity Markets.

Mr. Lichtenstein is a 12-year ETF industry veteran with a core focus on market-making and institutional sales. He joined Knight in June 2009 from Newedge USA where he was the Co-Head and Senior Vice President in the ETF Index Group. Eric began his career at Spear, Leeds & Kellogg as a Specialist in the Index Derivatives Group. In 2000, he co-founded a market-making firm on the American Stock Exchange, which was integrated into Newedge in December 2006.

Eric has a bachelor of science in nutritional sciences from Cornell University.

  Darren J. Taube
  Managing Director, ETF Team
  Knight Equity Markets

  Darren J. Taube is Managing Director, ETF team for Knight Equity Markets.



Mr. Taube is a 13-year ETF industry veteran with a core focus on market-making and institutional sales. He joined Knight in June 2009 from Newedge USA where he was the Co-Head and Senior Vice President in the ETF Index Group. Darren began his career at Spear, Leeds & Kellogg as a Specialist in the Index Derivatives Group. In 2000, he co-founded a market-making firm on the American Stock Exchange, which was integrated into Newedge in December 2006. Darren has deep experience trading global indexes and extensive relationships among institutional investors.

  Darren has a bachelor of business administration from Emory University.

  About Knight


Knight Capital Group, Inc. (NASDAQ:NITE) is a leading financial services firm that provides electronic and voice access to the global 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 global equities and fixed income, foreign exchange, futures and options. Our approach to trading combines deep liquidity with robust trading technology and capital facilitation, when necessary, to deliver high quality trade executions consistent with client defined measures. Our Corporate segment invests in strategic, financial services-oriented opportunities, allocates, deploys and monitors all capital and maintains all corporate overhead expenses. Our Asset Management segment is reported as a discontinued operation as of March 31, 2009. 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 (i) the costs, integration, performance and operation of businesses recently acquired, or that may be acquired in the future, by the Company, and (ii) the closing of the sale of substantially all of the assets of the Asset Management business and 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, 2008, 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, 2008, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. 

DATASOURCE: Knight Capital Group, Inc.



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