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

To: Dalin who wrote (4673)	10/6/1999 10:25:00 PM
From: Dalin	Respond to of 10027

Business Now" broadcast/webcast will profile NITE A Market Maker Helping Change the Way America Invests, Featured on 'Business Now' at 9 A.M. Sunday, October 10th on WCVB-TV BOSTON, Oct. 6 /PRNewswire/ -- Television business news magazine "Business Now" this week goes inside an electronic market maker handling billions in transactions daily. "Business Now" airs at 9 a.m. Sunday, October 10th on WCVB-TV. The program also is being broadcast on the "Business Now" web site at www.BusinessNowTV.com This week "Business Now" profiles Knight Securities, a New Jersey-based division of Knight Trimark Group, and a company that is the backbone of much of the online trading taking place today. Knight Securities COO Walter Racquet says basically the firm is "in the risk business ... We do 10-20 billion dollars worth of transactions (every day), so whenever anybody buys or sells -- we're the other side of that transaction." In the last four years, the firm's average daily trading volume has grown from 20,000 to 350,000 shares. Knight Trimark CEO Ken Pasternak says, "If we were a stock exchange, we would be the fifth largest in the world." He adds that it is speed of execution -- measured in nanoseconds -- that is a Knight hallmark, plus a guarantee of stock prices at the opening and overall lower costs for customers because of its automated electronic approach. "Business Now" is produced by Building America Television, home of the Internet's most extensive library of video-streamed business news. In recent years, BATV has profiled hundreds of emerging growth companies and firms contributing to the expansion of the new economy. For more information about "Business Now", contact Mike Cohen at 703-787-3533, ext. 31. To view profiles of previously-featured companies, visit the BATV video newsroom at www.BusinessNowTV.com. In addition to airing on WCVB-TV, separate editions of "Business Now" air in San Francisco, New York and Washington, D.C.