- Q3 non-GAAP loss from continuing operations of $19.518M compares to a profit of $21.5M on Q2 and $19M one year ago.
- CEO Daniel Coleman: "The muted retail trading activity and single-digit realized volatility within a heightened competitive environment cut into Market Making segment results."
- Market Making segment: Total revenue of $166.6M vs. $218.4M in Q2. Pretax loss excluding certain items of $5.2M vs. a profit of $36M. Average daily volume of $24.7M vs, $25.1M; in terms of daily trades 3.3M vs. 3.6M; in terms of shares traded 5.8M vs. 10.8M.
- Global Execution Services segment: Total revenue of $79.2M vs. $85.9M in Q2. Pretax income excluding certain items of $1.9M vs. $2.6M.
- Company has begun to explore options for KCG Hotspot, its electronic FX trading vehicle.
- Previously: KCG Holdings EPS of -$0.09
- Off substantially earlier, KCG has returned to flat for the session.