Knight Link has been added as a new trading venue for Fidessa users seeking off-exchange liquidity.
Knight Link provides a new way to access Knight Capital Group Incs deep pool of liquidity, providing rapid order execution in more than 7,300 securities. Fidessa users can now send IOC orders to Knight Link, which will be executed or cancelled almost immediately.
Knight Link is designed for those looking for immediate execution, little or no market impact and liquidity in small-caps and difficult-to-trade securities. With Knight Link, Fidessa users are now exposed to even more liquidity, as Knight Capital regularly trades greater equity volume than any US exchange 3.75 billion per day.
While many offerings in this space may seem to have similarities, Knight Links volume is an important differentiating factor. Knight Link executes approximately 100 million shares per day.
“We are very excited to be partnering with Fidessa as this is a new stage in the evolution of Knight Link. With Knight Link, Fidessa users will have access to higher fulfilment rates, rapid response times and Knights deep pool of liquidity,” says Jamil Nazarali, managing director and head of Broker-Dealer Electronic Trading, Knight.
“We are very happy to expand our relationship with Knight, and this agreement provides our customers with access to their Knight Link service further complementing the routing and smart order routing capabilities already present within Fidessas suite of trading solutions,” adds Martin Hakker, executive vice president, Marketing, Fidessa.