Domestic Knight is the premier destination for broker-dealers and institutions seeking equity order executions. We are the world's largest wholesale market maker with the ability to process order flow in more than 17,000 equity securities. In 2001, Knight traded 135 billion shares — a volume behind only Nasdaq and NYSE. Knight Securities is the #1 market maker in Nasdaq/OTC securities. Knight Capital Markets is the #1 market maker in the Nasdaq InterMarket SM and a top-five execution venue for block volume in NYSE-listed and AMEX-listed securities.** We're on top in the Bulletin Board and Nasdaq small-cap market, and we're making our move in foreign/ADR trading. Knight has an aggregate pool of natural retail and institutional liquidity to tap for complete execution solutions. Whether our clients need an execution for a large block of an illiquid security or a basket of Nasdaq 100 stocks, Knight has the scale to get the trade done. How? Our employees are focused on our clients. Our technology is built for speed, capacity and compliance. Knight has the right mix to make it happen. International Knight Securities International, a joint venture with the financial services firms of Knight Roundtable Europe, offers industry-leading execution services in U.S. equities to top institutions and broker-dealers in Europe and makes markets in European securities. Knight Securities Japan, established with our partner Nikko Cordial Group, makes markets and provides clients with reliable executions in Jasdaq stocks. Technology innovation and market structure reform have thrust the options industry into a period of dramatic change, and Knight has the expertise to benefit in this time of consolidation. Knight Financial Products is an industry leader with specialist capabilities for approximately 570 option classes, which cover more than half of all equity option order flow on all U.S. options exchanges. We provide liquidity and pricing efficiency to institutions, broker-dealers and the overall market. Knight Execution Partners, which routes client options order flow to all domestic options exchanges, has the capacity to process order flow in more than 2,500 OCC cleared options products. We offer the highest level of service to our institutional and broker-dealer clients through quality executions at the best price, with speed and scale. Brand name and a focus on capital preservation attract institutions and high net worth investors to Deephaven Capital Management's market neutral fund. The fund offers a diversified strategy including sophisticated arbitrage trading (convertible, statistical and risk) with low correlation to the equities markets.    *Visit www.knighttradinggroup.com for complete details on our products and execution standards. **The AutEx Group