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


To: Winston Kim who wrote (703)5/3/1999 2:33:00 PM
From: AugustWest  Read Replies (1) | Respond to of 10027
 
In the month of April, Knight/Trimark's share of over-the-counter trading volume grew to 18.4 percent, from 15.8 percent in the first quarter, according to AutEx.

"The company is benefiting from increased volatility, record market volumes, market share gains between market-makers, and the growth of order-flows from online brokers," said Bryan Keane, e-finance analyst at  BancBoston Robertson Stephens. "Knight/Trimark continues to surpass even the most optimistic expectations," Keane added. 

Additionally, the company is viewed as an attractive takeover candidate by bulge bracket firms that want to extend their position in the market- making business and benefit from order-flows via e-brokers. As the leading OTC market-maker, Knight/Trimark receives a bulk of the order flow from e-brokers such as E-Trade (EGRP: news, msgs) and Ameritrade (AMTD: news, msgs). 


cbs.marketwatch.com