JERSEY CITY, New Jersey, June 23 /PRNewswire/ --
Knight Capital Group, Inc. (Nasdaq: NITE) today announced an expansion of exchange-traded fund (ETF) capabilities with the hiring of a team led by Managing Directors Reginald M. Browne, Eric D. Lichtenstein and Darren J. Taube. The ETF team is comprised of a total of thirteen sales and trading staff in Jersey City and two in London.
Use of ETFs among institutional investors is increasing across strategies and new products are constantly entering into the marketplace, said Greg Voetsch, Executive Vice President, Head of Institutional Client Group at Knight Capital Group. We're building on our existing ETF trading capabilities to enhance Knight's liquidity and global multi-asset class offering. Reginald, Eric, Darren and the team bring a tremendous amount of product and trading expertise in a category that has witnessed accelerated growth.
Knight provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. The firm provides institutional clients with access to a global sales and trading platform spanning three continents for trading global equities and fixed income. In addition, the firm provides execution services in foreign exchange, futures and options. Knight engages in trading and market-making in more than 19,000 U.S. equities and is the leading source of off-exchange liquidity in U.S. equities by share volume.
Browne, Lichtenstein and Taube joined Knight from Newedge USA, where they served as Co-Heads of the ETF Index Group. The three will report directly to Greg Voetsch.
The ETF team operates from Knight's headquarters at 545 Washington Boulevard, Jersey City, NJ 07310, phone +1-212-366-8760.
Reginald M. Browne Managing Director, ETF Team Knight Equity Markets
Reginald M. Browne is Managing Director, ETF team for Knight Equity Markets.
Mr. Browne is a 15-year ETF industry veteran with a core focus on market-making and institutional sales. He joined Knight in June 2009 from Newedge USA where he was the Co-Head and Senior Vice President in the ETF Index Group and led a global expansion of institutional sales. Reginald began his career at O'Connor Associates in Philadelphia and has held senior leadership roles at various Wall Street firms since 1990.
Reginald has a bachelor of science in finance from La Salle University.
Eric D. Lichtenstein Managing Director, ETF Team Knight Equity Markets
Eric D. Lichtenstein is Managing Director, ETF team for Knight Equity Markets.
Mr. Lichtenstein is a 12-year ETF industry veteran with a core focus on market-making and institutional sales. He joined Knight in June 2009 from Newedge USA where he was the Co-Head and Senior Vice President in the ETF Index Group. Eric began his career at Spear, Leeds Kellogg as a Specialist in the Index Derivatives Group. In 2000, he co-founded a market-making firm on the American Stock Exchange, which was integrated into Newedge in December 2006.
Eric has a bachelor of science in nutritional sciences from Cornell University.
Darren J. Taube Managing Director, ETF Team Knight Equity Markets
Darren J. Taube is Managing Director, ETF team for Knight Equity Markets.
Mr. Taube is a 13-year ETF industry veteran with a core focus on market-making and institutional sales. He joined Knight in June 2009 from Newedge USA where he was the Co-Head and Senior Vice President in the ETF Index Group. Darren began his career at Spear, Leeds Kellogg as a Specialist in the Index Derivatives Group. In 2000, he co-founded a market-making firm on the American Stock Exchange, which was integrated into Newedge in December 2006. Darren has deep experience trading global indexes and extensive relationships among institutional investors.
Darren has a bachelor of business administration from Emory University.
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services firm that provides electronic and voice access to the global 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 global equities and fixed income, foreign exchange, futures and options. Our approach to trading combines deep liquidity with robust trading technology and capital facilitation, when necessary, to deliver high quality trade executions consistent with client defined measures. Our Corporate segment invests in strategic, financial services-oriented opportunities, allocates, deploys and monitors all capital and maintains all corporate overhead expenses. Our Asset Management segment is reported as a discontinued operation as of March 31, 2009. More information about Knight can be found at www.knight.com.
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