August 08, 2013 BY Gerald Segal

Why did KCG lose $96 million in Q2 and see its shares stay flat?

KCG's Q2 figures also make apparent what drove Getco to buy KCG. The newly-merged Getco and Knight Capital (parent of Forex ECN Hotspot FX) -- now called KCG -- announced results for its first quarter as a merged company on Wednesday, although results were presented separately for Knight Capital and Getco, presumably for the last time.…

Read more