|JUNE 9, 1999|
|Knight/Trimark Group, Inc. Issues Clarification in Response to Remarks About Merrill Lynch Made At San Francisco Conference|
|JERSEY CITY, N.J.--(BUSINESS WIRE)--June 9, 1999--Knight/Trimark
Group, Inc. (Nasdaq: NITE) President and CEO Kenneth D. Pasternak
today issued a statement to clarify remarks made today by the company
in an online brokerage conference.
The San Francisco conference was sponsored by the investment bank
Putnam Lovell deGuardiola & Thornton.
According to Pasternak, "Today, we do a very small portion of
Merrill Lynch's trades. Knight has had no conversations with Merrill
about a formal agreement to execute online trades.
"We regard Merrill Lynch as one of the premier execution
providers in the market. But as they move online needing executions
over a larger universe of issues - we might get some portion of their
new business, but that's purely speculative," added Pasternak.
Knight/Trimark Group is the leading market maker in both Nasdaq
securities and the over-the-counter market for New York Stock Exchange
(NYSE)- and American Stock Exchange (AMEX)- listed equity securities -
the Third Market.
Knight/Trimark Group is "Dedicated to Execution Solutions."(TM)
Copies of this release and other information on the Company can
be obtained via the Internet at www.knight-sec.com.
CONTACT: Knight/Trimark Group, Inc. Robert Turner Executive Vice President 201/557-6845 or Russell Dubner Vice President Edelman PR Worldwide 212/704-4538 KEYWORD: NEW JERSEY INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET COMED COMPUTERS/ELECTRONICS