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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (4502)	10/2/1999 12:28:00 AM
From: zurdo	Read Replies (2) \| Respond to of 10027

True, Glenn....and not just in this stock....

To: Glenn D. Rudolph who wrote (4502)	10/2/1999 12:30:00 AM
From: Gary Korn	Respond to of 10027

10/1/99 AFX News 04:48:00 AFX News (c) 1999 by AFP-Extel News Ltd Friday, October 1, 1999 Knight/Trimark reportedly plans pan-Europe electronic bourse LONDON (AFX) - Nasdaq market maker Knight/Trimark plans to create a major pan-European electronic stock market based on fledgling boards such as Easdaq, the Neuer Markt and Tradepoint, the Evening Standard reported. Citing John Hewitt, president of the Knight Securities trading arm, the paper said the company was planning to replicate its success in the U.S, where it has grown exponentially by executing trades for discount online brokers. The company is already the biggest shareholder in Brussels-based Easdaq, which it plans to use as a vehicle for the development of its European strategy. je/ For more information and to contact AFX: www.afxnews.com and www.afxpress.com ---- INDEX REFERENCES ---- NEWS SUBJECT: AFX News; Stock Market News (AFX STK) MARKET SECTOR: Financial; Technology (FIN TEC) INDUSTRY: Computers; Diversified Financial Services (CPR FIS) PRODUCT: Banking; Computer Hardware; European News/Features; Investment Services (DBK DCO DEE DIS) REGION: Europe; North America; United Kingdom; United States; Western Europe (EU NME UK US WEU) Word Count: 104 10/1/99 AFX 04:48:00 END OF DOCUMENT

To: Glenn D. Rudolph who wrote (4502)	10/2/1999 12:31:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 10027

10/1/99 Evening Standard 41 This article is worth several reads 1999 WL 23725841 Evening Standard Copyright (C) 1999 Evening Standard; Source: World Reporter (TM) Friday, October 1, 1999 Business Day: US GIANT PLOTS A PAN-EURO BOURSE MAGNUS GRIMOND A major electronic pan-European rival to the established London, Frankfurt and other Continental stock exchanges is being planned by giant Nasdaq market-maker Knight/Trimark. The new market will be based on fledgling electronic markets such as Easdaq, Tradepoint and Germany's Neuer Markt and looks set to win powerful backing from major US online brokers such as ETrade and Ameritrade, which helped create Knight/Trimark four years ago. Although the Brussels-based Easdaq and Tradepoint have had only limited success so far, the backing of such a major player is likely to send a chill through Europe's biggest markets, which last week scaled down their own plans for a single market for trading blue-chip shares. Barely known over here, the $3 billion ( pounds 1.8 billion) Knight/Trimark has grown to dominate trading on America's Nasdaq electronic stock exchange by executing trades for discount and online brokers. The group, which paid $8.2 million to become Easdaq's biggest shareholder in July, plans to replicate its success in the US by building a pan-European electronic market trading more than 100,000 shares a day - 50% more than last year's daily average for the London Stock Exchange. John Hewitt, president of the Knight Securities trading arm, said: 'Easdaq or its successor can become the most important exchange in Europe in terms of activity levels as well as volume.' Already, the market in e-traded shares in Europe is some three times bigger than experts believe, he claimed. Hewitt said their plan for Europe is to create 'a market structure which accommodates the Knight model. We bought a stake in Easdaq because we thought it was a business which is going to have to transform.' Easdaq would be used as 'a vehicle', he said. There may be 'one or two other exchanges where we might want to consolidate with Easdaq'. These could include one or two German exchanges or Tradepoint. The electronic market for blue-chip stocks has with Easdaq a common board member in the shape of Stanislas Yassukovich and a common shareholder in Morgan Stanley Dean Witter. 'The latter has a very important group of owners and is committed to an electronic platform, but it needs to change a few things about its business model to make it successful,' Hewitt claimed. Tradepoint's order-driven trading platform is 'not one which will distinguish it from the London Stock Exchange'. But Hewitt said the Brussels-based Easdaq needed to achieve success in its recently unveiled plans to start trading in shares which have their primary listings elsewhere and in adopting a new electronic platform. ---- INDEX REFERENCES ----