Knight Capital Derivatives Platform

Knight Capital Group, Inc. (NASDAQ:NITE) today introduced NetDelta(TM), an electronic settlement platform for the credit derivatives market. NetDelta addresses market infrastructure inefficiencies and underlying risks inherent in OTC derivatives by providing buy- and sell-side firms with comprehensive, real-time solutions for entering, maintaining and exiting new positions. NetDelta will also be able to reduce counterparty risk for existing positions in the near future.

"NetDelta was designed to address unnecessary counterparty risk, balance sheet inefficiencies, settlement lags, valuation issues and a lack of liquidity," said Lucio Biase, Managing Director, NetDelta, LLC. "NetDelta provides the automation and infrastructure the $54.6 trillion credit derivatives market needs."

The NetDelta solution benefits traders, prime brokerages, risk managers, controllers and settlement groups. It is applicable to new trades and will soon be applicable to existing positions in a firm's portfolio as well. The NetDelta offering also addresses many of the key principles recently set forth by the Operations Management Group (OMG) and President's Working Group (PWG) - both of which aim to instill a clear, functional and well-designed infrastructure that can meet the needs of the OTC derivatives markets.

"We are excited to bring NetDelta to the OTC derivatives markets in these challenging times," said Thomas M. Joyce, Chairman and Chief Executive Officer, Knight Capital Group. "We believe NetDelta is an ideal solution for the entire lifecycle of credit derivative trades. Importantly, the NetDelta solution supports the credit derivative market makers who are so vital to the health of the market."

The platform's modular technology allows for simple integration into existing trading platforms, settlement services and reporting engines. In addressing market infrastructure and legacy issues, the NetDelta solution renders unwinds and novations obsolete for positions cleared on NetDelta. NetDelta also allows for greater transparency of the value of each position without disclosing pivotal market making data. At present, NetDelta is internally beta testing the platform and in the process of onboarding clients.

Knight Capital Group

Knight Capital Group, Inc. (NASDAQ:NITE) is a leading financial services firm that provides electronic and voice access to the capital markets across multiple asset classes for buy-side, sell-side and corporate clients. In Global Markets, we provide market access and trade execution services in nearly every U.S. equity security and a large number of international securities, futures, options, foreign exchange and fixed income. In Asset Management, Knight owns a 51 percent stake in Deephaven Holdings with Deephaven Partners controlling the remaining 49 percent as of February 1, 2008. Deephaven (www.deephavenfunds.com) is a global, multi-strategy alternative investment manager serving institutions and private clients. More information about Knight can be found at www.knight.com.

Knight Capital Operations at Equinix

Equinix, Inc. (Nasdaq:EQIX), a provider of network-neutral data centers and Internet exchange services, today announced that Knight Capital Group, Inc. has established operations at Equinix’s New York-4 (NY4) Internet Business Exchange™ (IBX®) data center. The move will enable Knight, a leading provider of electronic and voice access to the capital markets, to take advantage of Equinix’s best-of-breed colocation services to provide an additional low latency access node for clients of Knight’s expanding portfolio of advanced market access and trade execution services across multiple asset classes.

Operating within Equinix’s NY4 data center hub will allow Knight clients to choose from a broad array of high-bandwidth, low latency connectivity providers, enabling them to take advantage of a broad range of customized trade execution products and services. This will include direct connections to Knight’s electronic access and trading offerings, such as the Hotspot FX foreign exchange ECN; Knight Direct EMS™, a broker-neutral electronic trading platform covering multiple asset classes; and Knight Link, dark access to Knight’s internal liquidity.

Equinix’s NY4 data center offers Knight’s clients access via a broad array of telecom service providers which are vital to the electronic trading community. In addition, the cross-connect capability offered by the Equinix Financial eXchange solution provides an ideal platform for direct connection to Knight’s technology infrastructure.

“Knight has an expanding array of electronic access and trading products and services available,” said Steve Sadoff, Senior Managing Director and Chief Information Officer, Knight Capital Group. “As we have grown the electronic side of our business and expanded our client base, the demand for colocation services has increased. Equinix’s state-of-the-art New York area data center and wide array of global, regional and metro network providers significantly strengthen the connectivity choices available for our clients. Furthermore, Equinix’s proven dependability and service will help Knight maintain its reputation for speed, dependability and consistent high-quality trade executions.”

“Our network-rich IBX centers ideally complement Knight’s existing data center operations, and colocation in our New York area center will give their customers a high-performance connectivity platform with high speed, low latency connectivity and proximity to their core trading platforms,” said Steve Smith, president and CEO of Equinix. “We’ve invested significantly to make sure our IBX centers set the industry performance standard, so we’re delighted when a leading financial services firm such as Knight selects Equinix for their colocation and proximity needs.”d