JERSEY CITY, New Jersey, June 20, 2011 /PRNewswire/ --
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Hotspot FX was named Best Trading Platform for Hedge Funds among non-bank providers by Profit & Loss magazine in its voter-driven 2011 Readers' Choice Digital Markets Awards.
"We are honored that the readers of Profit & Loss magazine selected Hotspot FX as the 'Best Trading Platform for Hedge Funds' among non-banks this year," said John Miesner, Managing Director and Head of Global Sales for Hotspot FX. "We believe that this award is a reflection of the hard work and determination we have exhibited in creating a diverse and robust FX marketplace for buy and sell side alike. As the first FX ECN aimed at the institutional market, Hotspot has remained focused on ensuring that the institutional and hedge fund community has a marketplace where it can trade on equal footing with all other market participants in an anonymous, fast and fair environment."
For the fourth consecutive year, Profit & Loss opened its website in April and May for readers to vote for the best bank, broker and service providers across 14 key categories. This year, more than 10,000 votes were registered making it the largest response to date for the awards. Profit & Loss will list the award winners in its July/August issue.
Hotspot FX experienced record volumes in May 2011. Average daily volume reached $67.8 billion in May, up 25% from the previous month, with total volume of $1.49 trillion and the largest single-day volume record of $105.4 billion on May 5.
Hotspot FX LLC is a subsidiary of Knight Capital Group, Inc. Hotspot FX in Europe is a division of Knight Capital Europe Limited.
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 growing global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit http://www.knight.com.
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 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.