NYSE Technologies Adds Knight Capital Group as SFTI Destination
New York, May 20, 2010 - NYSE Technologies, the commercial technology unit of NYSE Euronext, today announced that it has established Knight Capital Group as a destination on the Secure Financial Transaction Infrastructure (SFTI) network. As one of the industry’s fastest, most resilient electronic message transmission networks, SFTI provides customers with superior reliability and access to the financial markets and market participants through a single point of access. SFTI customers can now access Knight’s electronic trading products and services from the same connections they currently use to access NYSE Euronext markets, other exchanges and brokers.
“Knight provides a valuable new destination and resource for our customers and we’re proud to include them on the SFTI network,” said Ken Barnes, Vice President, NYSE Technologies. “With each exchange and broker dealer destination we add to SFTI and our FIX Marketplace, we’re building a platform that offers a combination of speed and reach coupled with a unique capital markets focus seldom found in the industry. Customers are increasingly turning to SFTI to satisfy their connectivity requirements across the capital markets through SFTI’s 10Gb ports, which simplify manageability and reduce latency.”
Knight is a leading source of U.S. equity liquidity by share volume in Listed, NASDAQ, Bulletin Board and ETF securities among securities firms, according to AutEx, and has growing volume in foreign exchange, fixed income, futures and options. The SFTI network now includes Knight’s electronic market-making, Knight Link access to equity liquidity, Knight Direct multi-asset class EMS and agency-only algorithms, the Knight Match dark pool, the HotSpot FX ECN and Knight BondPoint’s fixed income ECN.
“Knight is pleased to open our products to the wide breadth of NYSE Technologies clients over the reliable and resilient SFTI network,” said Meaghan Mullins, Managing Director, Knight. “We are committed to providing as many points as possible for market participants to access Knight’s liquidity, and our establishment as a destination on the SFTI network furthers our goal.”
NYSE Technologies’ SFTI network is the highly resilient, ultra low-latency communications backbone created for the financial industry in 2002. It provides connectivity to multiple exchanges, market centers and content service providers, including all of the National Market System venues in the U.S. SFTI also connects to over 1,300 market participants and offers third-party technology products through its unique hosted solutions platform. Designed to be the industry’s most secure and resilient network, SFTI is specifically built for electronic trading and market data traffic thus enabling firms to reduce their time-to-market, improve their performance and significantly lower the cost of their trading infrastructure.
Knight Capital Group, Inc. (Nasdaq: NITE) is global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City , NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information, please go to www.knight.com.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies is a leader in providing innovative software, market data products and data management applications, connectivity solutions, exchange technology, and transaction solutions for trading firms, vendors and financial markets around the world. NYSE Technologies offers one of the most comprehensive suites of high quality commercial technology products that includes advanced messaging platforms, co-location services, ultra-low latency order routing and a one-of-a-kind hosted network community, all designed to enable the free flow of liquidity for the global marketplace. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. , Europe and Asia , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
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