Unlocking the value of Knight’s capital in the marketplace VALUE-ADDED LIQUIDITY As absolute returns become more elusive and market return expectations continue to fall, all investors are seeking new means of relative performance. Portfolio Managers are looking for more alpha from their trading desks which, in turn, has made institutional trading desks focus on reducing implicit and explicit trading costs. DESTINATION OF CHOICE Where does Knight fit in? Trading desks are seeking out destinations to help them control these implicit and explicit costs. They are seeking out service providers who can help them lower their cost basis and increase the eventual yield of portfolio holdings. These are service providers who will commit capital, can leverage scale, focus on the client and are absent of conflicts when coupled with investment banking and sell-side research activities. Service providers like Knight.