Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (33660)	4/14/1999 11:08:00 AM
From: Doug Robinson	Respond to of 120523

NITE - News-Knight/Trimark Group's New London Subsidiary Will Commence Operations In May 1999 Knight Securities International Ltd. Receives Regulatory Approval JERSEY CITY, N.J., April 14 /PRNewswire/ -- Knight/Trimark Group, Inc. (Nasdaq: NITE - news) today reported that its new London-based subsidiary, Knight Securities International Ltd., received regulatory approval from The Securities and Futures Authority in the United Kingdom. Commencing operations in May 1999, Knight Securities International will initially operate as an institutional sales office, arranging transactions in U.S. equity securities between European institutional customers and Knight Securities. ''We are extremely excited about our first venture into Europe,'' said Kenneth D. Pasternak, the Company's President and CEO. ''We built our success in the United States by providing best execution services that emphasize automated trade executions and enhanced liquidity based upon our willingness to commit capital. These same principles will be the foundation of our European business strategy. Initially, Knight Securities International will arrange U.S. equity transactions with European institutions. Within two years, we anticipate expanding our operations to include making markets in European equity securities.'' ''Expanding our institutional business in the U.S. and abroad is a top priority this year,'' continued Mr. Pasternak. ''Our fastest growing revenue stream comes from institutional investors, customers who recognize the value of our insightful trading expertise and industry-leading market share. In the United States, we expect to double the number of institutional sales professionals in the next year. In Europe, Knight Securities International will focus on building relationships with the top-tier institutions in the United Kingdom and throughout Western Europe.'' Knight/Trimark Group is the leading market maker in both Nasdaq securities and the over-the-counter market for New York Stock Exchange (NYSE)- and American Stock Exchange (AMEX)-listed equity securities -- the Third Market. Knight/Trimark is the parent company of Knight Securities and Trimark Securities. Knight Securities trades in approximately 6,700 equity securities listed on Nasdaq and on the OTC Bulletin Board (OTCBB) of the National Association of Securities Dealers (NASD). Trimark Securities trades NYSE- and AMEX-listed equity securities over the counter. Knight/Trimark Group is ''Dedicated to Execution Solutions.''(TM)