JERSEY CITY, New Jersey and LONDON, April 21 /PRNewswire/ --

Knight Capital Group, Inc. (Nasdaq: NITE) today announced the
introduction of agency algorithmic trading and smart order execution
strategies developed specifically for the European equity marketplace.

Knight's EdgeTrade Algorithmic Suite for European equities is powered by
FAN(TM), a smart order execution algorithm which sources liquidity from
multiple exchange and MTF destinations simultaneously while adapting to
market conditions in real time and re-circulating orders to where executions
are occurring. Buy- and sell-side traders have used FAN to source liquidity
and complete trade executions in the fragmented U.S. equity markets since
2006. With knowledge and experience from the success of FAN in the U.S.,
Knight has reengineered and customized its smart order execution technology
for European equities, taking into account the microstructure and nuances of
each market destination. FAN also allows for single-ticket clearing.

"Liquidity fragmentation in Europe is accelerating, with new market
destinations forming and liquidity increasingly migrating away from the
primary exchanges," said Bradley Duke, Managing Director of Institutional
Electronic Sales in Europe. "Traders need tools to simplify the process of
finding actionable liquidity. FAN is a dynamic smart order execution
algorithm, adapting to market conditions in real time and routing orders to
pools of liquidity where executions are most likely to occur. It allows
clients to complete trades efficiently with minimum market impact and with
opportunities for high fulfilment rates and price improvement. Knight also
recognizes the complexities of equity clearing in Europe, so FAN allows
clients to complete trades across multiple market centres on just one
ticket."

The EdgeTrade Algorithmic Suite includes smart order execution algorithms
based on FAN. Smart order execution leverages real-time and historical data
to help clients execute orders by seeking out available liquidity among
fragmented displayed and non-displayed markets.

These solutions include:

- FAN - Sweeps/posts an order simultaneously to public
      liquidity and dark pools, dynamically allocating the order to
      destinations where liquidity is located
    - Covert(TM) - Posts and fills orders in dark pools exclusively
    - Sumo(TM) - An aggressive strategy for quickly filling an order
      designed to reduce information leakage and minimize market impact



FAN also is incorporated into various benchmark and participation
algorithms designed for European markets:

- Arrival Price
    - VWAP
    - TWAP
    - Smart VTrack
    - Target Close



"Knight committed significant technology and other resources to capture
the nuances of both the European marketplace as a whole and the complex
microstructures of individual markets," Mr. Duke said. "Knight is connected
to all of the primary exchanges and MTFs throughout Europe and expects to
continue adding significant liquidity destinations as they come on line."

Clients can access the EdgeTrade Algorithmic Suite through Knight Direct,
Knight's multi-asset class execution management system, as well as through a
number of third party execution and order management systems via Knight
Direct's FIX capabilities. The algorithms and Knight Direct are recent
electronic trading complements to Knight's existing London-based trade
execution services. Knight provides high-quality, client-centric voice trade
execution and sales trading services to more than 400 European clients,
leveraging its network of local brokers and its worldwide reach to market
centres.

Interested clients should contact Bradley Duke to learn more about
Knight's European algorithmic offering at +44-20-7997-7818, or
bduke@knight.com.

About Knight

Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services
firm that provides electronic and voice access to the global capital markets
across multiple asset classes for buy-side, sell-side and corporate clients.
In Global Markets, we provide market access and trade execution services in
nearly every U.S. equity security and a large number of global equities and
fixed income, foreign exchange, futures and options. Our approach to trading
combines deep liquidity with robust trading technology and capital
facilitation, when necessary, to deliver high quality trade executions
consistent with client defined measures. We recently exited the Asset
Management business, which had consisted of our 51% ownership of Deephaven
Holdings, the parent company of Deephaven, a global multi-strategy
alternative investment manager. For information regarding our exit from our
Asset Management segment, refer to the Form 8-K's furnished by the Company on
April 1, 2009 and January 27, 2009, and the Form 8-K filed by the Company on
February 26, 2009. More information about Knight can be found at
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 (i) the costs,
integration, performance and operation of businesses recently acquired, or
that may be acquired in the future, by the Company, and (ii) the closing of
the sale of the assets of the Asset Management business and costs and
expenses associated with the Company's exit from the Asset Management
business. Since such statements involve risks and uncertainties, the actual
results and performance of the Company may turn out to be materially
different from the results expressed or implied by such forward-looking
statements. Given these uncertainties, readers are cautioned not to place
undue reliance on such forward-looking statements. Unless otherwise required
by law, the Company also disclaims any obligation to update its view of any
such risks or uncertainties or to announce publicly the result of any
revisions to the forward-looking statements made herein. 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, 2008, 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,
2008, and in other reports or documents the Company files with, or furnishes
to, the SEC from time to time.