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

To: Gary Korn who wrote (4717)	10/7/1999 11:57:00 PM
From: Gary Korn	Respond to of 10027

10/6/99 PR Newswire 19:25:00 PR Newswire Copyright (c) 1999, PR Newswire Wednesday, October 6, 1999 A Market Maker Helping Change the Way America Invests, an Innovator In Managing Trillions of Bytes of Data, and a Computer Geek's Dream Featured On "Business Now" at 11:30 A.M., Sunday October 10th on KGO-TV, Channel 7. SAN FRANCISCO, Oct. 6 /PRNewswire/ -- Television business news magazine "Business Now" this week goes inside an electronic market maker handling billions in transactions daily; visits a Silicon Valley firm building an information super highway for storing and protecting data, and profiles a company techies call when they're stumped. "Business Now" airs at 11:30 a.m. Sunday, October 10th on KGO-TV, Channel 7. The program also is being simultaneously video-streamed on the "Business Now" Web site: www.BusinessNowTV.com This week "Business Now" reports on: 1) 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.