| 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
|
[ back to press releases ]
The matters described within the Investor Relations section of the Knight Capital Group (the "Company") Web site contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed with respect to future periods. These factors include, but are not limited to, the Company's ability to implement its growth strategies, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, intellectual property rights, and other factors detailed in the Company's registration statement and periodic reports filed with the Securities and Exchange.
|
|
