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KCG Holdings, Inc. (KCG)

  • Nov. 26, 2012, 9:10 AM
    Premarket gainers: HOGS +16%. KCG +15%. MBI +8%. JRCC +8%.
    Losers: GNRC -6%. BCS -5%.
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  • Nov. 26, 2012, 9:00 AM
    Knight Capital (KCG) surges 11.2% premarket following a weekend report it may sell its market-making operations. The unit - the market leader in ETF trading - remains profitable despite the big loss in August on a technical glitch.
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  • Nov. 25, 2012, 3:15 AM
    Knight Capital (KCG) has reportedly been approached by high-speed trading firms Getco and Virtu Financial about selling them its market-making operations. The business is Knight's largest and most profitable, but suffered a massive loss in August when a technical problem flooded the market with mistaken orders.
  • Nov. 15, 2012, 5:42 PM
    After-hours top gainers, as of 5:15 p.m.: EMAN +5.8%. ARUN +5.4%. KCG +4.2%. GPS +3.1%. VELT +2.9%.
    After-hours top losers: AAT -9.2%. CUBE -7.4%. SINA -6.2%. CTRX -5.6%. SHLD -5.5%.
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  • Oct. 17, 2012, 11:38 AM
    Knight Capital (KCG -0.4%) gyrated early but has settled near breakeven after posting a Q3 loss. The “Aug. 1, 2012 technology issue” - the software glitch that caused dozens of stocks to fluctuate wildly - turned out to cost $461M vs. previously reported $440M. KCG has essentially ceded control over its operations to an investor group, but CEO Tom Joyce tried to reassure that clients have not fled.
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  • Oct. 17, 2012, 6:27 AM
    Knight Capital Group (KCG): Q3 EPS of $0.01 beats by $2.46. Net Negative Revenue of $189.8M beats by $28M. (PR)
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  • Oct. 17, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, BLK, CHKP, CMA, DGX, DOV, HAL, KCG, MMR, MTB, PEP, STJ, STP, SWK, TXT, USB
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  • Oct. 16, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, BLK, CHKP, CMA, DGX, DOV, HAL, KCG, MMR, MTB, PEP, STJ, STP, SWK, TXT, USB
  • Sep. 26, 2012, 12:45 PM
    Midday top 10 gainers: LPHI +112%. CTC +18%. AM +17%. STSI +15%. KCG +11%. WCBO +11%. CAMP +10%. DIAL +10%. SCMP +10%. SVN +8%.
    Top 10 Losers: PATH -27%. BTH -19%. OMN -14%. RMKR -13%. CPRX -13%. TISA -12%. GEVO -12%. MITK -12%. OINK -12%. TSTC -11%.
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  • Sep. 18, 2012, 5:01 PM
    Knight Capital Group's (KCG) head of trading algorithms, Joseph Wald, has left the company , marking the trading firm's first senior-level departure since a trading glitch in August resulted in a $440M loss to the company. Wald, a managing director who was responsible for the oversight of the firms trading programs sold to institutions, says he decided to leave to "pursue other opportunities."
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  • Aug. 15, 2012, 7:43 PM
    The SEC was already looking into Knight Capital's (KCG) risk management procedures at the time of it's now infamous trading debacle, says Fox News' Charlie Gasparino. This adds a new twist to the story, says Gasparino, because at the time, SEC officials were conducting what is known as a “sweep” to determine if the firm was in compliance with its new "Market Access" rule. If they had been, it could have prevented the trading glitch. At a minimum, it's possible that the agency might have pointed out the firm's shortcomings before the trading error occurred.
  • Aug. 14, 2012, 1:55 PM
    Knight Capital (KCG +6.7%) is bouncing sharply as the company reportedly discovers the cause of its software glitch that distorted trading in hundreds of stocks. Two sources told Bloomberg that KCG inadvertently triggered an old software program as it was implementing a new one; the mistake multiplied trades by 1,000x and flooded the market with orders.
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  • Aug. 9, 2012, 4:39 AM
    Knight Capital (KCG) held around $7B of stocks at one point during its IT malfunction last week, but managed to sell $2.4B by the end of the day, the WSJ reports. Knight then offloaded the rest of the portfolio to Goldman Sachs after turning down a bid from UBS, but still took a loss of $440M from the whole disaster.
  • Aug. 8, 2012, 4:25 AM
    Knight Capital (KCG) is set to resume its full market-making activities on the NYSE on Monday after yesterday gaining much of its market share back. Knight reportedly spoke to ~90 potential suitors about rescuing the firm, with rival Citadel offering a $500M loan in return for a 10-20% stake and control of Knight's Hotspot FX trading platform.
  • Aug. 7, 2012, 6:18 AM
    Jefferies (JEF) CEO Richard Handler and Executive-Committee Chairman Brian Friedman played leading roles in saving Knight Capital (KCG) after its erroneous trades last week, including providing funds on Friday that allowed the latter to stay in business, the WSJ reports. Jefferies also helped with the structuring of Knight's $400M lifeline, of which the investment bank is providing a quarter.
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  • Aug. 6, 2012, 6:12 PM
    Knight Capital (KCG) says, pursuant to its $400M financing agreement, it will appoint three new members to its board of directors within one month following the closing date. The selections will include an individual selected by Blackstone, one by General Atlantic, which is the controlling investor in GETCO, and an individual proposed by the Board and acceptable to Jefferies. Shares -1.3% AH.
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Company Description
KCG Holdings Inc is asecurities firm offering clients a range of services designed to address trading needs across asset classes, product types and time zones. It is also engagedin principal trading via exchange-based electronic market making.