SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Donna Carey who wrote (1538)6/9/1999 3:06:00 PM
From: T-Lo Greens  Read Replies (2) | Respond to of 10027
 
Great news, but the stock dropped from 61-62 to 59...



To: Donna Carey who wrote (1538)6/9/1999 7:25:00 PM
From: Kip518  Respond to of 10027
 
Mr. P must have gotten a phone call from ML today ;0}

June 09, 1999 18:46

Knight/Trimark Group, Inc. Issues Clarification in Response to Remarks About Merrill Lynch Made At San Francisco Conference

JERSEY CITY, N.J.--(BUSINESS WIRE)--June 9, 1999--Knight/Trimark Group, Inc. (Nasdaq: NITE) President and CEO Kenneth D. Pasternak today issued a statement to clarify remarks made today by the company in an online brokerage conference.

The San Francisco conference was sponsored by the investment bank Putnam Lovell deGuardiola & Thornton.

According to Pasternak, "Today, we do a very small portion of Merrill Lynch's trades. Knight has had no conversations with Merrill about a formal agreement to execute online trades.

"We regard Merrill Lynch as one of the premier execution providers in the market. But as they move online needing executions over a larger universe of issues - we might get some portion of their new business, but that's purely speculative," added Pasternak.