Last $10.66 USD
Change Today +0.05 / 0.47%
Volume 200.2K
KCG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

kcg holdings inc-cl a (KCG) Key Developments

KCG Holdings Starts Cutting about 4% of Workforce

KCG Holdings has started cutting about 4% of its workforce in an effort to focus on 'areas with a greater potential for future growth.' The workforce reduction plan will be completed by early October 2014.

KCG Holdings, Inc. Announces HotSpot QT

KCG Holdings, Inc. announced HotSpot QT, a pure non-displayed crossing venue created by KCG HotSpot to help banks and institutions trade larger spot FX orders with minimal information leakage and market impact. HotSpot QT is a separate and distinct offering and liquidity pool from the traditional HotSpot FX platform. HotSpot QT allows counterparties to cross larger orders without revealing information to the market pre- or post-trade. The venue supports firm limit orders and high minimum quote sizes. Both bank and non-bank clients such as asset managers and hedge funds may participate on HotSpot QT.

KCG Holdings, Inc. Announces Executive Changes

The Board of Directors of KCG Holdings, Inc. announced the departure of Steve Bisgay, Chief Financial Officer. Sean Galvin, Chief Accounting Officer, will serve as KCG's Interim CFO. An industry veteran, Mr. Galvin led the accounting team at Knight Capital before taking the lead accounting role at KCG. KCG's Board of Directors has begun the process to identify and select a permanent CFO. Mr. Bisgay will remain as an advisor to KCG until the end of the year.

KCG Holdings, Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-10-2014 11:15 AM

KCG Holdings, Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-10-2014 11:15 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Daniel B. Coleman, Chief Executive Officer and Director.

KCG Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

KCG Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $314,133,000 against $119,633,000 a year ago. Income from continuing operations before income taxes was $14,507,000 against loss from continuing operations before income taxes of $74,836,000 a year ago. Income from continuing operations, net of tax was $8,987,000 or $0.08 per diluted share against loss from continuing operations, net of tax of $78,151,000 or $1.24 per diluted share a year ago. Net income attributable to common shareholders was $8,920,000 or $0.08 per diluted share against net loss attributable to common shareholders of $56,616,000 or $1.24 per diluted share a year ago. Non-GAAP income from continuing operations before income taxes was $21,512,000 against Non-GAAP loss from continuing operations before income taxes of $7,061,000 a year ago. For the six months, the company reported total revenues of $697,790,000 against $234,625,000 a year ago. Income from continuing operations before income taxes was $73,891,000 against loss from continuing operations before income taxes of $79,694,000 a year ago. Income from continuing operations, net of tax was $45,904,000 or $0.39 per diluted share against loss from continuing operations, net of tax of $84,983,000 or $1.39 per diluted share a year ago. Net income attributable to common shareholders was $44,584,000 or $0.38 per diluted share against net loss attributable to common shareholders of $63,448,000 or $1.39 per diluted share a year ago. Non-GAAP income from continuing operations before income taxes was $79,075,000 against Non-GAAP loss from continuing operations before income taxes of $1,086,000 a year ago.

 

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KCG

Industry Average

Valuation KCG Industry Range
Price/Earnings 5.0x
Price/Sales 0.9x
Price/Book 0.8x
Price/Cash Flow 3.8x
TEV/Sales NM Not Meaningful
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