US-based brokerage Knight Capital Group will officially launch its Knight Link internal liquidity pool in Europe on 19 November.
Knight Link grants clients electronic access into the broker’s internal, off-exchange liquidity either through retail service provider networks or direct connectivity. The platform can be added to smart order routers, dark-liquidity-seeking algorithms and order management systems as an additional source of liquidity.
Knight Capital Europe Limited started operating in the UK on 30 June as a retail service provider, offering trading, market making and price quotation services predominantly in FTSE 350 shares listed on the London Stock Exchange.
The Knight Link platform is already available in the US, trading more than 7,300 NYSE, American Stock Exchange and Nasdaq-listed stocks. Its average daily volume is 125 million shares, and more than 80% of the executed volume is in small- and mid-cap securities. The average executed order size is 415 shares.