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KCG Holdings, Inc. (KCG)

- NYSE
  • 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.
    | Aug. 6, 2012, 6:12 PM | 4 Comments
  • Aug. 6, 2012, 7:28 AM
    Knight Capital (KCG) confirms (8-K) a group of investors have agreed to provide it financing to the tune of $400M 2% preferreds convertible into 267M shares (98.2M currently outstanding), meaning a conversion price of $1.50. Shares -38% premarket to $2.52. (earlier)
    | Aug. 6, 2012, 7:28 AM | 3 Comments
  • Aug. 6, 2012, 3:14 AM
    SEC Chairperson Mary Schapiro rejected pleas from Knight Capital (KCG) CEO Thomas Joyce to cancel many of the trades his company had erroneously made last week, leaving it with $4.5B of securities it hadn't planned to buy. Schapiro's stance is a consequence of the 2010 flash crash, when the SEC was accused of arbitrariness in canceling transactions. (see investment)
    | Aug. 6, 2012, 3:14 AM | 3 Comments
  • Aug. 6, 2012, 3:03 AM
    Knight Capital (KCG) will reportedly receive a $400M financing lifeline from a group of investors that includes Blackstone (BX), TD Ameritrade (AMTD), Stifel Nicolas (SF) and Jefferies Group (JEF). The consortium is expected to receive convertible preferred stock with a conversion price of $1.50/share and carry a coupon of 2%, giving it 70-75% of Knight Capital.
    | Aug. 6, 2012, 3:03 AM | 1 Comment
  • Aug. 3, 2012, 3:08 PM
    Knight Capital (KCG +59%) has reportedly drawn initial interest from KKR, TPG Capital, Silver Lake, and Bank of America among others, as it opens its books in a bid to survive.
    | Aug. 3, 2012, 3:08 PM | 2 Comments
  • Aug. 3, 2012, 3:01 PM
    It was Goldman Sachs that took over Knight Capital's (KCG) positions following the software glitch on Wednesday, a faux-pas that ended up costing Knight $440M.
    | Aug. 3, 2012, 3:01 PM | 8 Comments
  • Aug. 3, 2012, 2:38 PM
    Knight Capital (KCG +63%) soars as TD Ameritrade (AMTD) begins again routing trades to the firm. Knight is a "good and trusted partner." (PR)
    | Aug. 3, 2012, 2:38 PM | Comment!
  • Aug. 3, 2012, 9:15 AM
    Premarket gainers: OPEN +19%. MELI +17%. SKUL +13%. LNKD +11%. ATPG +11%. VHC +10%. KOG +10%. KCG +10%. STEM +8%. SQNM +8%. DB +7%. ING +7%. WFR +7%. E +6%. SI +5%. MT +5%. ATAX +5%. BCS +5%.
    Losers: ZIP -35%. HNT -24%. BODY -18%. MCP -15%. XIDE -13%. REE -8%. GLUU -7%. ONNN -7%.
    | Aug. 3, 2012, 9:15 AM | Comment!
  • Aug. 2, 2012, 6:36 PM
    Knight Capital (KCG -62.8%) -12.4% AH on bankruptcy fears, even as it's reported  Goldman and Sandler O'Neill have been hired to find a buyer. Knight's books have been opened up to P-E firms and at least one rival (Virtu Financial?). Bloomberg Businessweek provides the back-story for Knight's $440M loss. Between 9:30 and 10:00 AM ET yesterday, one of Knight's algorithms went haywire, pushing through 4M extra trades (550M shares) related to nearly 150 stocks. Update: Fox Business claims Virtu Financial isn't interested.
    | Aug. 2, 2012, 6:36 PM | 12 Comments
  • Aug. 2, 2012, 12:54 PM
    Surely on the brink of not surviving, Knight Capital (KCG -55%) is in discussions with Virtu Financial about a merger or capital infusion, according to sources (likely from the Knight camp). Virtu is also a player in the high-speed trading arena. (earlier)
    | Aug. 2, 2012, 12:54 PM | 3 Comments
  • Aug. 2, 2012, 9:10 AM
    Premarket gainers: UNTD +16%. FSLR +16%. CAVM +11%. GMCR +10%. GILD +8%. GPS +7%. VHC +7%. PWR +7%. YGE +7%.
    Losers: KCG -57%. HALO -56%. MTG -40%. ARO -28%. SLTM -15%. LPSN -15%. ANF -15%. INCY -13%. VE -11%. BBVA -10%. SEE -10%. MWW -8%. RDN -7%. SAN -7%. NAV -7%. BWP -5%. BMY -5%. MTL -5%.
    | Aug. 2, 2012, 9:10 AM | 1 Comment
  • Aug. 2, 2012, 8:26 AM
    Knight Capital (KCG) announces a $440M loss from yesterday's glitch which was the result of the installation of trading software (now removed). Shares disappearing, -50% premarket after a 33% decline yesterday. (PR)
    | Aug. 2, 2012, 8:26 AM | 28 Comments
  • Aug. 1, 2012, 3:16 PM
    The NYSE will cancel certain trades in the following stocks following the snafu with Knight Capital (KCG -27.5%) this morning, reports Bloomberg: WZE, CO, EJ, ARC, and KWK.
    | Aug. 1, 2012, 3:16 PM | 25 Comments
  • Aug. 1, 2012, 12:39 PM
    The NYSE is reviewing trades in 148 stocks (Excel spreadsheet) from this morning due to the reported glitch at Knight Capital (KCG -20%). Not on the list are two utility ETFs - XLU and VPU - which also saw volatile price moves and spiking volume.
    | Aug. 1, 2012, 12:39 PM | 8 Comments
  • Aug. 1, 2012, 10:33 AM
    Knight Capital (KCG -10%) plunges on word of technical issues with a trading algorithm. The NYSE apparently halted (then resumed) trading in a number of stocks swung around by the issue. Among those reportedly affected was Berkshire Hathaway (BRK.B).
    | Aug. 1, 2012, 10:33 AM | 4 Comments
  • Jul. 22, 2012, 4:53 AM
    Nasdaq OMX (NDAQ) has improved its offer of compensation to brokers and market makers that lost money because of Facebook's (FB) botched trading debut to a total of $62M in cash from $40M mostly in reduced trading costs. However, the new amount is still probably far below the losses suffered, which include $35.4M for Knight Capital (KCG), and a reported $20M for Citigroup (C) and $350M for [[UBS].
    | Jul. 22, 2012, 4:53 AM | 2 Comments
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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.