Few electronic trading companies in history have demonstrated the tenacity of KCG, which has recovered from adversity in less than two years America's conglomerates are often extremely astute when it comes to restoring the status quo following an unpredicted spot of misfortune. In relative terms, one year and eight months is a very short time…
Read moreKCG's Forex ECN unit KCG Hotspot has another good month, FX trading volumes up 6% over February and 18% over last year. The first quarter has ended with a bang for the world's leading Forex ECNs. After seeing ICAP's EBS and Thomson Reuters' FXall show nice rises over February levels including an all-time high at…
Read moreKCG makes another installment on its first lien credit facility, this time $85 million, taking the balance down to just $50 million KCG (NYSE:KCG) has today publicly stated that it has made a further $85 million installment toward the repayment of its first lien credit facility which was incurred subsequent to the takeover of the…
Read moreKCG Hotspot, the KCG Group's institutional ECN reported an ADV of $30.4 billion in February. American electronic trading stalwart KCG (NYSE:KCG) today released its monthly figures for the month of February 2014, in which the company has declared that within its market making enterprise, a daily average of $27.4 billion in volume was traded, along…
Read moreForex volume metrics in January are strong across all major Forex ECN platforms. Forex ECN KCG Hotspot has reported its January volumes at $34.1 billion per day -- Hotspot's second best month ever, second only to June 2013's $36.9 billion. Hotspot's results complete what was a very strong January in the institutional FX business: ICAP…
Read moreThe consolidation seems to be paying off for the company way ahead of schedule The company resulting from the merger between Knight Capital and Getco, KCG Holdings, has released a press release outlining the completion of another $100 million principal repayment of its lien term loan under the company’s credit facility. The announcement comes just…
Read moreTotal volumes for last year higher by 17% over 2012 Volume metrics during the last month of the year at KCG Hotspot have remained somewhat subdued when compared to November’s release, however that shouldn't be a big surprise considering the broad industry slowdown during the holiday month, especially when it comes to institutional volumes. Overall…
Read moreKCG’s broker-dealer sub joins KCG Hotspot (formerly Hotspot FX) under the KCG brand The independent securities company KCG has announced in a press release today that it successfully completed the consolidation of both of its US broker-dealer operations Knight Capital Americas LLC and GETCO into a single entity named KCG Americas LLC (KCA). The company…
Read moreVolumes have remained flat when compared to October coming out at $ 29.6 billion per day Volumes at KCG Hotspot remained flat month on month with a negligible decline to $29.6 billion from the month of October. Consistent readings throughout the quarter are maintaining a recovery theme when compared to the quiet summer months. The…
Read moreWill KCG sell more assets and/or businesses, or will it settle debts with cash on hand? KCG Holdings -- the company resulting from the merger of Knight Capital and Getco -- formally announced today it had repaid $100 million of its credit facility, mainly using the net proceeds from its $80 million sale of reverse mortgage…
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