Knight Capital Group (NYSE Euronext: KCG) today introduced Knight Global Program Trading to provide institutions in the Americas, Europe and Asia with program trading capabilities combining global equities sales and trading expertise with Knight's multi-market technology and liquidity.
Knight Global Program Trading offers equity program trading, index rebalancing and transition management, with support by the company's sales and trading desks using Knight's algorithms, smart order routing and pre- and post-trade reporting and analysis. Knight is connected to more than 100 public and private markets worldwide covering 100 percent of the MSCI developed and emerging markets and a growing number of MSCI frontier markets. Additionally, Knight's extensive and expanding network of local broker relationships helps to ensure smooth cross-border trading.
"Knight enhanced its world-class program trading offering with greater global reach and by leveraging our technology, scale and success trading less-liquid securities across fragmented markets," said Gregory C. Voetsch, Executive Vice President and Head of Global Equities, Knight. "We have hired and continue to add key program trading personnel across the U.S., Europe and Asia, and we've extended Knight's connectivity to even more markets. Knight's expanded international capabilities, the experience of our team and our methodology for trading client orders together create further opportunities to reduce transaction costs on behalf of our institutional clients."
Knight Global Program Trading is headed by managing directors Jenkins Marshall and John Shaw who oversee a program trading desk that includes 20 sales and trading experts based in the U.S., Europe and Asia. The company has added to its existing program trading offering over the last 12 months with new hires and technology developed specifically for the Knight Global team to use on behalf of institutional clients, including algorithms, basket-trading capabilities, complex strategies and pre- and post-transaction cost analysis tailored for program trading.