Knight Capital Europe Ltd., a subsidiary of Knight Capital Group (Nasdaq: NITE), today announced that Knight Link in Europe will begin trading Nordic large-cap securities listed on the Nasdaq OMX Nordic.
Knight Link, an innovative trading model for European equities, will initiate coverage of 75 stocks in Finland, Denmark and Sweden.
"We are very excited to expand Knight Link into the Nordic markets," said Kee-Meng Tan, Managing Director, Head of the Electronic Trading Group in Europe. "Our unique model of providing liquidity to both retail and institutional broker-dealer clients on a single platform has been well received in the UK. We saw over US$4 billion executed through Knight Link in January and hope that the expansion will facilitate further growth."
Officially launched in Europe in November 2009, Knight Link offers rapid order execution in a broad and growing range of pan-European large- and mid-cap equities. Knight Link provides institutional and retail broker-dealers access to Knight's unique liquidity. It is designed to bring European clients quality executions with high fulfilment rates and low cost on a low-latency platform. With the addition of the Nordic stocks, Knight Link will make markets in more than 600 European-listed stocks including those in the UK, France, Belgium, Netherlands, Germany, Italy and Switzerland.
"We understand that each market is different," Mr. Tan added. "Knight Link is customisable to each client's needs and preferences. We accommodate a wide range of trading architectures and capacity requirements through our market-leading technology, extensive market-making operation, and connectivity to the full range of trading venues in Europe."
Knight Link in Europe is based on the highly successful model Knight developed for trading in the U.S. equity markets. In the U.S., Knight Link provides access to one of the largest sources of off-exchange liquidity in the marketplace with an average of 125 million U.S. equity shares traded daily in January 2010.
Knight provides clients with market access and trade execution services in Europe through our London-based trading operations. Knight is a dirdirect member of more than 20 European exchanges and multilateral trading facilities (MTFs). Knight is also a Retail Service Provider (RSP) in the UK and a retail market maker on the Equiduct regulated market, as well as a liquidity provider on Chi-Vision and other MTFs.