kcg holdings inc-cl a (KCG) Key Developments
KCG Holdings, Inc. Appoints Steffen Parratt as Chief Financial Officer
Jan 6 15
KCG Holdings, Inc. announced that Steffen Parratt has been appointed as the company's Chief Financial Officer, effective immediately. He assumes the role from Sean Galvin, KCG's Interim CFO, following an executive search. Mr. Galvin will return to his role as Chief Accounting Officer. Mr. Parratt brings to KCG more than two decades of experience in financial services and technology industries, during which he focused on business development, strategy and analysis working directly with executive management at top institutions. He was a Managing Director at Bank of America Merrill Lynch where he helped develop a strategic plan to integrate Merrill Lynch, U.S. Trust and the legacy Bank of America wealth business. Mr. Parratt also spent more than a decade at Citigroup Inc. in a number of leadership roles most recently as Managing Director and Global Staff Functions Task Leader, Reengineering and Productivity Group where he was responsible for reengineering organizations and processes in the firm's finance, risk, compliance, audit, legal, human resources units. Prior to his roles in finance, Mr. Parratt worked as an engineer at Sandia National Laboratories and Hughes Aircraft Company. Most recently, Mr. Parratt was an entrepreneur, where he launched ventures in finance, management, and strategy with a focus on developing software to realize operational effectiveness and efficiencies.
KCG Launches Client Trading Strategy "Catch"
Nov 18 14
KCG Holdings, Inc. announced the release of "Catch," a client execution algorithm designed to leverage smart logic, adaptability and advanced analytics to capture liquidity and achieve incremental micro alpha. Catch is the newest strategy in a suite of algorithmic trading offerings developed by KCG to translate the firm's deep market making expertise to the benefit of its electronic trading clients. Catch has a highly flexible participation range, so that it has room to move and pursue liquidity as needed. Clients can determine its urgency level, selecting "Passive," "Neutral" or "Aggressive," depending on how they want the strategy to behave. This new strategy follows on the success of the firm's earlier release of "Opportunistic," a liquidity-seeking algorithm that combines the benefits of market maker-like order management logic with comprehensive access to internal and external market liquidity.
KCG Holdings, Inc. Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014
Nov 9 14
KCG Holdings, Inc. Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014 . Venue: Barclays headquarters, 745 Seventh Avenue, New York, NY 10019, United States.
KCG Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Oct 30 14
KCG Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported that total revenues were $272,302,000 compared to $469,338,000 a year ago. Loss from continuing operations before income taxes was $15,235,000 compared to income from continuing operations before income taxes of $121,373,000 a year ago. Loss from continuing operations, net of tax $9,439,000 or $0.09 per diluted share compared to income from continuing operations, net of tax $228,563,000 or $1.99 per diluted share a year ago. Net loss was $9,616,000 or $0.09 per diluted share compared to net income of $227,779,000 or $1.98 per diluted share a year ago. Non-GAAP basis, loss from continuing operations before income taxes was $19,518,000 compared to income from continuing operations before income taxes of $19,047,000 a year ago.
For the nine months, the company reported that total revenues were $970,092,000 compared to $703,962,000 a year ago. Income from continuing operations before income taxes was $58,656,000 compared to $41,677,000 a year ago. Income from continuing operations, net of tax was $36,465,000 or $0.31 per diluted share compared to $143,578,000 or $2.40 per diluted share a year ago. Net income was $34,968,000 compared to $142,794,000 a year ago. Net income attributable to common shareholders was $34,968,000 or $0.30 per diluted share compared to $164,329,000 or $2.39 per diluted share a year ago. Non-GAAP basis, income from continuing operations before income taxes was $59,557,000 compared to $16,212,000 a year ago.
KCG Holdings, Inc. Presents at KBW 2014 Securities Brokerage & Market Structure Conference, Nov-19-2014 07:45 AM
Oct 17 14
KCG Holdings, Inc. Presents at KBW 2014 Securities Brokerage & Market Structure Conference, Nov-19-2014 07:45 AM. Venue: Mandarin Oriental, New York, New York, United States. Speakers: Daniel B. Coleman, Chief Executive Officer and Director.