The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Knight's Hotspot FX Named Best Professional e-Trading Venue by FX Week

Thursday, July 21, 2011

Knight's Hotspot FX Named Best Professional e-Trading Venue by FX Week08:30 EDT Thursday, July 21, 2011JERSEY CITY, N.J., July 21, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Hotspot FX received a 2011 e-FX Award for "Best Professional e-Trading Venue" from FX Week."The entire Hotspot FX team is honored to have won this prestigious e-Trading Award from FX Week," said John Miesner, Managing Director and Head of Global Sales for Hotspot FX. "We have spent the last two years focused on growing our platform, improving and enhancing our technology and expanding our product offering, and it is extremely gratifying to have our progress recognized by a panel of industry experts. We continue our hard work and efforts to best serve our clients with their electronic FX trading needs."Announcing the Best Professional e-Trading Venue Award for 2011, FX Week Editor Joel Clark said that Hotspot "has made massive strides forward in recent years, with volume growth of more than 300% between January 2009 and April 2011, and 30% more users in the first four months of this year than last year. 2011 heralds a number of new innovations for the platform, including the launch of its own private label offering that will allow FX brokers to build their own customised marketplaces."Hotspot FX closed the second quarter 2011 with record volume traded of $4.09 trillion, 16% higher than in the first quarter. Second quarter 2011 average daily volume was $63 billion, nearly 57% higher than in the second quarter of 2010.The e-FX Awards, determined by a panel of judges, recognize industry excellence in electronic foreign exchange from banks and vendors. FX Week announced the awards at its annual ceremony in New York July 14. For more information, please visit www.fxweekefxawards.com.Hotspot FX LLC is a subsidiary of Knight Capital Group, Inc. Hotspot FX in Europe is a division of Knight Capital Europe Limited.About KnightKnight Capital Group (NYSE Euronext: KCG) is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporations. Knight is headquartered in Jersey City, N.J. with a growing global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks associated with changes in market structure, legislative or regulatory rule changes and the costs, risks related to the performance of Knight's Electronic Trading Group, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.SOURCE Knight Capital Group, Inc.For further information: Margaret Wyrwas, Senior Managing Director, Communications, Marketing & Investor Relations, +1-201-557-6954, mwyrwas@knight.com, or Kara Fitzsimmons, Director, Media Relations, +1-201-356-1523, kfitzsimmons@knight.com, or Jonathan Mairs, Vice President, Corporate Communications, +1-201-356-1529, jmairs@knight.com