19 July 2018
Visit www.gemalto.com

Knight Match Europe venue launches

13 April 2011  |  1919 views  |  0 Source: Knight Capital Group

Knight Capital Group (NYSE Euronext: KCG) today announced the introduction of Knight Match Europe, a non-displayed liquidity venue for the trading of European equities.

Knight Match provides a unique pool of liquidity to the European marketplace, bringing together retail, institutional, algorithmic and principal order flow.

Knight Match is a broker crossing system that provides anonymous access and trade execution opportunities to seek price improvement. Knight Match Europe's differentiating feature is the presence of retail order flow, both resting and marketable, within the pool. The combination of orders originating from institutional desks and buy-side algorithms as well as from Knight's retail broker-dealer clients and Knight Link Europe's market-making flow provides increased fulfilment opportunities. Orders are executed according to a price/equal split protocol, providing a level playing field by fulfilling at the best price equally split among all matching orders, rather than simply fulfilling on a first-come, first-serve basis. Another distinguishing factor of Knight Match Europe is the various order types accepted in the venue: Limit Orders (LMT), Immediate-or-Cancel (IOC), Peg Orders (Mid- and Near-Touch).

Knight Match Europe is based on the highly successful model Knight developed for trading in the U.S. equity markets. Knight Match uses the same technology standards that support Knight's high volume, low latency trading infrastructure. Knight can accommodate a wide range of trading architectures and capacity requirements based on our leading technology, extensive market-making operation, and direct memberships of more than 20 European exchanges and multilateral trading facilities (MTFs).

Clients can access Knight Match Europe through the following: Knight Direct execution management system, Knight's full suite of algorithms, FIX 4.2, Bloomberg, FidessaNet, ULNet, Thompson Reuters, TradeWeb, Trading Screen and any FIX-compliant EMS/OMS.

The introduction of Knight Match Europe follows the successful November 2009 launch of Knight Link Europe and continues the company's efforts to provide alternative liquidity products and enhance its capabilities in pan-European equities.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAdVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
10864 views comments | 4 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9915 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9510 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8922 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
8303 views comments | 9 tweets | 17 linkedin

Featured job

Find your next job