Knight Capital Group has launched Knight Link in Europe, a trading model for European equities which provides institutional and retail broker-dealers with access to Knight’s liquidity.
“We are very excited to be launching Knight Link in Europe,” says Kee-Meng Tan (pictured), managing director, head of the electronic trading group in Europe. “Knight Link is designed to bring European clients quality executions with high fulfilment rates and low cost on a low-latency platform.”
Knight Link is authorised and regulated by the UK Financial Service Authority as a systematic internaliser, in accordance with the Markets in Financial Instruments Directive. Knight Link helps clients to achieve Mifid-mandated best execution requirements through a combination of high-quality stock execution and low transaction costs.
Knight introduced Knight Link to a handful of institutions with European operations in January 2009, and Knight Capital Europe commenced business as a retail service provider in the UK in June 2009.
Knight will begin offering its market-making services on the Equiduct regulated market shortly, bringing best execution to the continental European retail market.
Knight Link offers rapid order execution in a broad and growing range of pan-European large- and mid-cap equities, bringing together execution of institutional and retail flow. Since early 2009, Knight Link has added both institutional and retail broker-dealer clients, regularly trading more than USD100m (EUR67m) daily.
Knight Link in Europe is based on the model Knight developed for trading in the US equity markets. In the US, Knight Link provides access to one of the largest sources of off-exchange liquidity in the marketplace with 129 million US equity shares traded daily in October 2009.
