KCG registers 6.8% MoM drop in market making volumes in May
Market making volumes for May 2015 at KCG fell 6.8% from already subdued April 2015 levels and totaled $27.5 billion.
Read moreMarket making volumes for May 2015 at KCG fell 6.8% from already subdued April 2015 levels and totaled $27.5 billion.
Read moreThe firm said its "Modified Dutch Auction" tender offer that expired on June 2, 2015, was oversubscribed.
Read more"During the fourth quarter, KCG generated solid financial results due in part to an improved operating environment. The U.S. equity market posted higher average daily share volume, dollar volume and realized volatility on both a sequential and annual basis." - David Coleman, CEO, KCG
Read moreFollowing KCG's initial announcement that LeapRate reported at the end of October that it was considering the sale of its spot FX venue Hotspot, the transaction has now been completed with BATS Global Markets as the new owner
Read moreSteffen Parratt joins KCG from his former position as Managing Director at Bank of America Merrill Lynch, replacing KCG's Interim CFO Sean Galvin, following an executive search. Mr. Galvin will return to his role as Chief Accounting Officer
Read moreDuring November, KCG averaged $29.3 billion dollar volume traded, 5.2 billion shares traded, and 3.7 million trades per day in U.S. equities within its market making operations
Read moreWith the debate among regulators across the globe still open with regard to high frequency trading, KCG's Head of Trading Strategy and Analysis Phil Mackintosh throws down the gauntlet with a trading commentary focusing on high speed technology, and applauding algorithms
Read moreLeapRate Exclusive... We've speculated a number of times since Knight Capital's merger with Getco in mid 2013 to form KCG (e.g. see here), that KCG was likely to put Hotspot FX up for sale at some point to focus on its core equity market making businesses. And it seems as though we were right - KCG…
Read moreDespite an overall loss across all operations, KCG's FX ECN, Hotspot, benefitted from a 15% QoQ rise in overall notional foreign exchange dollar volume showing that the firm's long-term approach by holding onto the FX platform was a worthwhile exercise. Could KCG sell Hotspot in future?
Read moreIt looks like it'll be a September to remember in institutional FX trading. Possibly in retail too. Yesterday we learned that ICAP's EBS unit will report its first above-$100 billion ADV month since mid-2013, despite reporting otherwise lackluster financial results for the half-year to September 30. So it should come as no surprise that its…
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