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Knight Ranks 14th on 2011 InformationWeek 500
Sep 14, 2011 (04:09 PM EDT)
Knight tops Banking & Financial Services industry category and places 14th overall for the second year in a row
JERSEY CITY, N.J. and DANA POINT, Calif., Sept. 14, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that it ranked 14th on the InformationWeek 500 for the second year in a row and was the leading company in the Banking & Financial Services industry category. The annual list was revealed Tuesday night at a gala awards ceremony at the InformationWeek 500 Conference at the St. Regis Monarch Beach Resort in Dana Point, Calif. This year marks Knight's third appearance on the list.
Already a market leader in U.S. equities trading, Knight was recognized by InformationWeek this year for its work to meet growing client demand to trade additional securities electronically, such as currencies through Hotspot FX and fixed income through Knight BondPoint. Knight's technology efforts support management's growth strategy to increase market making and trading across asset classes and geographies, leverage existing technology and infrastructure to develop new capabilities, and diversify the client base.
"Knight is proud and gratified to be recognized by InformationWeek again this year, among outstanding firms across all industries as well as among our financial services colleagues," said Steven J. Sadoff, Executive Vice President and Chief Information Officer at Knight. "We continue to put tremendous resources toward improving trading technology that our clients rely on in increasingly challenging and unpredictable market conditions, and in the face of swiftly changing regulations and market structure."
"For 23 years, the InformationWeek 500 has chronicled and honored the most innovative users of business technology," said InformationWeek Editor In Chief Rob Preston. "In this day and age, however, being innovative isn't enough. Companies and their IT organizations need to innovate faster than ever before to stay a step or two ahead of their customers, partners, and competitors. This year's ranking placed special emphasis on those high-octane business technology innovators."
InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing, and also tracks the technology, strategies, investments and administrative practices of America's best-known companies. Top winners have included: The Vanguard Group, CME Group, Conway, National Semiconductor, Kimberly-Clark, Hilton Hotels and Unum. The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
Knight Capital Group (NYSE Euronext: KCG) is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporations. Knight is headquartered in Jersey City, N.J. with a global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.
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Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks related to the announced corporate restructuring, including the ability to recognize anticipated cost savings, the possibility of unexpected costs or expenditures, and the impact of the restructuring on the Company's businesses and results of operations, risks associated with changes in market structure, legislative or regulatory rule changes and the costs, risks related to the performance of Knight's Electronic Trading Group, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.