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.

Shadow Financial Systems to Exhibit at SIFMA's Fixed Income and Derivatives Operations Conference

WHO: Shadow Financial Systems, developers of the ShadowSuite®
post-trade multi-currency and multi-asset class securities
processing, reconciliation, clearing, settlement, treasury, and
accounting system

WHAT: Will exhibit at the 2008 Securities Industry and Financial
Markets Association's (SIFMA) Fixed Income and Derivatives
Operations Conference

WHEN: The 2008 SIFMA Fixed Income and Derivatives Operations Conference
will be held Wednesday, October 1, 2008 through Friday, October
3, 2008

OMX Securities And Brooks Macdonald

OMX Securities, a leading supplier of outsourced clearing and settlement services, today announced that Brooks Macdonald Asset Management is leveraging its existing clearing and settlement agreement with OMX to support significant growth in its discretionary management business.

Brooks Macdonald Asset Management is a subsidiary of specialist wealth management company Brooks Macdonald Group and has £1.0524bn funds under management (as at 31st December 2007). OMX Securities provides Brooks Macdonald with outsourced clearing and settlement services in UK, Foreign and European equities and funds.

When Brooks Macdonald needed to take on new business it turned to OMX Securities to achieve a rapid scaling up of its outsourced clearing and settlement operation in order to handle the increased volume of discretionary management business. OMX Securities successfully met mission critical timeframes, supporting Brooks Macdonald in achieving its sales and growth targets.


Chris Macdonald, CEO of Brooks Macdonald said: "OMX Securities helped us, quickly and efficiently, to meet the need to grow our business and have proved they are the right partner to support the continued expansion of our operation. The scalability of their clearing and settlement service will enable us to take additional new business well within our planned timeframes."

Angus Macdonald, CEO of OMX Securities comments: "OMX Securities is delighted to continue to support Brooks Macdonald to achieve its planned business growth. This project clearly signals that OMX Securities is well placed to provide wealth management firms with a flexible, responsive and professional clearing and settlement service."


OMX Securities has a proven track record in providing managed services to some of the UK's leading financial institutions. It supplies a complete business infrastructure to handle portfolio management, order management, execution, clearing, custody administration and settlement for wealth managers, institutional brokers and retail brokers.