PR Newswire/Les Echos/
Knight Capital Group Completes Sale of U.S. Institutional Fixed Income Sales
JERSEY CITY, New Jersey, June 28, 2013 -- Knight Capital Group, Inc. (NYSE
Euronext: KCG) today announced the completion of the sale of the U.S.
institutional fixed income sales and trading team to Stifel Financial Corp.
Additionally, as previously announced, Stifel hired Knight's European
institutional fixed income sales and trading team. The combined U.S. and
European teams cover high-yield and investment-grade corporate bonds,
asset-backed and mortgage-backed securities, and emerging markets as well as
research in select sectors and names.
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 broker-dealers, institutions and
corporations. Knight is headquartered in Jersey City, N.J. with a global
presence across the Americas, Europe, and the Asia Pacific regions. For further
information about Knight, please visit www.knight.com.
Certain statements contained herein may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are typically identified by words such as "believe,"
"expect," "anticipate," "intend," "target," "estimate," "continue,"
"positions," "prospects" or "potential," by future conditional verbs such as
"will," "would," "should," "could" or "may", or by variations of such words or
by similar expressions. These "forward-looking statements" are not historical
facts and are based on current expectations, estimates and projections about
the parties' industry, management 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 associated with: (i) the pending
strategic business combination of Knight and GETCO; (ii) the August 1, 2012
technology issue at Knight that resulted in Knight's broker-dealer subsidiary
sending numerous erroneous orders in NYSE-listed and NYSE Arca securities into
the market and the impact to Knight's capital structure and business as well
as actions taken in response thereto and consequences thereof; (iii) Knight's
sale of its institutional fixed income sales and trading business; (iv)
Knight's ability to recover all or a portion of the damages that are
attributable to the manner in which NASDAQ OMX handled the Facebook IPO; (v)
changes in market structure, legislative, regulatory or financial reporting
rules; (vi) past or future changes to organizational structure and management;
and (vii) the costs, integration, performance and operation of businesses
previously 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 Knight's reports with the SEC, including,
without limitation, those detailed under "Certain Factors Affecting Results of
Operations" and "Risk Factors" in Knight's Annual Report on Form 10-K for the
year-ended December 31, 2012 and in Knight's Quarterly Report on Form 10-Q/A
for the quarter ended March 31, 2013, and in other reports or documents Knight
or KCG files with, or furnishes to, the SEC from time to time and those
detailed in the Joint Proxy Statement / Prospectus under the heading
"Cautionary Statement Regarding Forward Looking Information" and
"Risk Factors", among others.
In addition to factors previously disclosed in Knight's reports filed with the
SEC and those identified elsewhere in this filing, the following factors among
others, could cause actual results to differ materially from forward-looking
statements or historical performance: ability to obtain regulatory approvals
and meet other closing conditions to the mergers, including approval by Knight
and GETCO stockholders, on the expected terms and schedule; delay in closing
the mergers; difficulties and delays in integrating the Knight and GETCO
businesses or fully realizing cost savings and other benefits; business
disruption following the mergers; the inability to sustain revenue and
earnings growth; customer and client actions; and the inability to realize
cost savings or revenues or to implement integration plans and other
consequences associated with mergers, acquisitions and divestitures.
SOURCE Knight Capital Group, Inc.
CONTACT: Jonathan Mairs, Managing Director, Knight Capital Group, Inc.,
+1-201-356- 1529, email@example.com
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-0- Jul/01/2013 09:34 GMT
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