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


To: GS_Wall Street who wrote (5392)10/29/1999 7:07:00 PM
From: John Chapman  Read Replies (1) | Respond to of 10027
 
CNBC piece on NITE just concluded. Did I hear that right? $250m to $500m added to top line growth by NITE getting into the options business making NITE a $1 bilion dollar company?

Wow

They are handling 300 million shares/day now and their computer hardware can handle 1 billion per day.

$10 billion per day in share value being traded by Knight per day

100 percent volume growth year over year.

40 percent of online trades go through NITE. By 2002 predicted to hit 25 to 30 million online investors in US and 50 million worldwide.

$.006 / share for NITE (Not including gains made on their own trades IMO)