here's some fluff.....
PR NEWSWIRE) Knight/Trimark Group Sponsors CNBC.com Student Stock Tournament
Knight/Trimark Group Sponsors CNBC.com Student Stock Tournament
Underscores Knight's Commitment to Enhancing Investor Understanding of How
Trades Are Executed
JERSEY CITY, N.J., Feb. 18 /PRNewswire/ -- Knight/Trimark Group, Inc.
(Nasdaq: NITE), the largest wholesale market maker in U.S. equity securities,
announced today its sponsorship of CNBC.com's Student Stock Tournament (SST),
which begins February 21, 2000. The sponsorship is the first of its kind for
Knight and marks the beginning of the firm's investment in furthering investor
understanding of how trades are executed.
"Knight is committed to investor education and proud to sponsor CNBC.com's
Student Stock Tournament, an interactive way of teaching young investors stock
market fundamentals," said Kenneth D. Pasternak, the president and chief
executive officer of Knight/Trimark Group. "In particular, we believe that
self-directed investors must grasp fundamental issues like the difference
between limit and market orders, the importance of liquidity in after-hours
trading and the role of various participants in a rapidly evolving
marketplace."
The SST is a competition between student investment clubs and/or classes
in grades 4-12. Participation requires adult supervision. Students invest
play money in stocks over the Internet, learning basic investment terminology
and strategies, as well as the importance of market structure. At the
conclusion of each tournament, the top performing team wins 100 shares of
General Electric stock for their school.
Knight/Trimark, headquartered in Jersey City, NJ, is the parent company of
Knight Securities, Trimark Securities and Arbitrade Holdings. Knight's
subsidiaries make markets in equity securities listed on Nasdaq, the OTC
Bulletin Board of the National Association of Securities Dealers (NASD), the
New York Stock Exchange (NYSE) and American Stock Exchange (AMEX); and in
options on individual equities, equity indices, fixed income instruments and
certain commodities in the U.S. and Europe. The firm also maintains an asset
management business for institutional investors and high net worth individuals
through Arbitrade's Deephaven subsidiary. As the number one destination for
online trade executions, Knight is the processing power behind the explosive
growth in securities trading via the Internet. The firm was recently selected
to Fortune's "e-50 Stock Index," an elite collection of companies that are
shaping the new Internet-based economy. Currently, the four-year-old company
employs more than 800 people worldwide with offices in Jersey City, NJ;
Jericho, White Plains, Purchase and New York, NY; Chicago, IL; Boston, MA;
Minnetonka, MN; Santa Clara, CA and London, England.
SOURCE Knight/Trimark Group
-0- 02/18/2000
/CONTACT: Margaret Wyrwas, Vice President, Corporate Communications &
Investor Relations of Knight/Trimark Group, 201-557-6954 or
mwyrwas@knight-sec.com; or Chuck Dohrenwend of Edelman Worldwide,
212-704-8102, for Knight/Trimark Group/
(NITE)
CO: Knight/Trimark Group; CNBC.com
ST: New Jersey
IN: FIN EDU MLM
SU: PDT
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