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2 Specification
Version 2.2_07012008
Table of Contents
Knight Link can be integrated into your smart order router, dark liquidity seeking algorithms or OMS systems as
an additional access point to liquidity. Knight Link is ideal for those looking for immediate execution, little or no
market impact, and liquidity in thin- and difficult-to-trade securities. Knight Link can also reduce your execution
costs.
Knight is at the forefront of electronic trading innovation. With Knight Link, we can adapt our systems to the
different trading architectures and capacity requirements of our very sophisticated clients, as Knight Link is fully
customizable.
Learn more about how you can gain access over to 100 million shares per day.
General Structure
FIX connectivity is based on the FIX 4.2 specification. Knight will also accommodate customers using FIX 4.0
and 4.1. Any customized message traffic relies solely on custom FIX tags to convey the additional information
required for Knight Link order flow; no nonstandard message types or custom values for standard FIX tags are
introduced.
10 CheckSum string Y Integer byte count of message length without the CheckSum
field
This document contains proprietary and confidential information, and is not intended for distribution.
All reasonable care has been taken in the preparation of this document. No liability is accepted by the
author or authors for any errors, omissions, or misstatements it may contain, or for any loss or damage,
howsoever occasioned, to any person relying on any statement
Any questions regarding this document may be sent to the Electronic Services Group:
Electronic Services
Knight Equity Markets, LP.
545 Washington Blvd
th
4 Floor
Jersey City, New Jersey 07310
Phone: 888.302.9197
FAX: 201.356.2254
Email: esg@knight.com
www.knight.com/ourLiquidity/connectivity.asp