Knight Capital Group, has appointed Kee-Meng Tan to the newly-created position of managing director, head of the electronic trading group in Europe. Tan will lead the European introduction of Knight Link, the firm's highly successful off-exchange liquidity source. Tan joined Knight last spring from CQS Management, a London-based alternative asset manager, where he was an equity derivatives trader. Prior to that, he was head of EMEA global execution services at JP Morgan.
"As a firm, Knight is focused on developing our liquidity offering within Europe," said Jamil Nazarali, managing director and global head of the electronic trading group, in a press release. "Knight Link is a proven trade execution service in the U.S. with nearly US$5 billion in average daily dollar value traded in October. We believe the time is right to bring the Knight Link model of access to dark liquidity, high fulfillment rates and low-cost trade execution to Europe," he added.
Knight Link provides clients with rapid, electronic trade execution in a broad range of equities while helping clients reduce trading costs and limit market impact. Knight Link can accommodate a wide range of trading architectures and capacity requirements for easy integration into a firm's smart order router, dark liquidity-seeking algorithms and/or OMS systems. It has also developed innovative technologies using built-in anti-gaming logic designed to protect clients. "Knight Link is fully customizable and provides clients with tremendous utility in terms of anonymity, quality fills, high speed and low costs," said Tan. "We look forward to rolling out Knight Link to clients across Europe in the coming months," he added. As part of this effort, Knight will also become a retail services provider in the UK, providing market making services, initially in FTSE 350 stocks, to the retail market.