Knight Trading Group Interim CEO Anthony M. Sanfilippo

                 Assumes Duties of President and COO  
  JERSEY CITY, N.J., Jan. 29 /PRNewswire-FirstCall/ -- 
Knight Trading Group, Inc. (Nasdaq: NITE) today announced that Interim Chief 
Executive Officer Anthony M. Sanfilippo has assumed the additional duties of 
President and Chief Operating Officer in place of Peter S. Hajas, 41, who has 
left the Company to pursue other interests.  
Mr. Sanfilippo, 45, is Interim CEO of Knight Trading Group during the 
search for a permanent CEO to replace Kenneth D. Pasternak, 47, whose 
retirement as Chairman and CEO is effective January 31, 2001.  Charles V. 
Doherty, 68, non-executive Chairman of Knight's Board upon Mr. Pasternak's 
retirement, is overseeing the search for a new Knight CEO with the assistance 
of leading executive search firm Heidrick & Struggles International, Inc.  
"During his five-year tenure with Knight, Tony has proven his ability to 
balance multiple roles.  We are confident that his depth of knowledge and 
management experience will ensure that the Company maintains its course during 
the transition to a new CEO," Mr. Doherty said.  "The Board thanks Peter for 
his commitment to Knight over the last two years, and we wish him well in 
future endeavors."  
Knight is the liquidity center that offers superior execution services to 
its broker-dealer and institutional clients in over-the-counter (OTC) and 
listed equity securities, and in equity options.  In so doing, Knight helps 
its clients meet their fiduciary obligation of obtaining best execution for 
the securities orders that they route on behalf of their customers.  Knight 
also maintains an asset management business for institutional investors and 
high net worth individuals through Deephaven Capital Management LLC.  
Knight has the power to commit capital for market orders and also 
maintains one of the largest limit order books in the OTC market.  The Company 
has approximately 1,300 employees worldwide and is one of the largest 
destinations for stock orders placed via the Internet.  Knight traded 
135 billion shares in the year 2001, a volume behind only those posted by 
Nasdaq and the New York Stock Exchange (NYSE).  Ultimately, Knight plans to 
enable its clients to trade all types of equity securities and options at any 
time, from anywhere in the world. More information about Knight can be 
obtained at  
The matters described herein 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 Commission. 

SOURCE  Knight Trading Group, Inc.  
-0-                             01/29/2002  
/CONTACT:  Margaret Wyrwas, Senior Vice President, Corporate 
Communications & Investor Relations, +1-201-557-6954,, 
Kara Fitzsimmons, Manager, Corporate Communications, +1-201-356-1523,, Judy Pirro, Manager, Investor and Shareholder 
Relations, +1-201-356-1548,, all of Knight Trading 
Group, Inc./  
/Web site:  
CO:  Knight Trading Group, Inc. 
ST:  New Jersey 
SU:  PER  
-0- Jan/29/2002 11:00 GMT
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