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i like the *STALL* in play re: PPS >> myself
reminds me of the time frame covering late 2009 to *glitch* (8.12)
4kids
all jmo
What a shock. This is my favorite scam company. Just waiting for another "mistake" to drop sp and wipe out current bag holders and allow me to buy back in the 2s or 3s, just a matter of time.
KCG Holdings Results Miss Expectations
BY Dow Jones & Company, Inc.
— 7:02 AM ET 08/01/2014
KCG Holdings Inc.'s (KCG) second-quarter results fell below analysts' expectations as trading revenue declined from the previous period.
Like other trading firms, KCG has had to contend with recent declines in volatility and market action, including through scaling back operations.
"We grew market share in an environment marked by contracting trade volumes and declining volatility across asset classes," Chief Executive Daniel Coleman said in a news release. "We made further headway in rationalizing the client offering as well as reducing headcount from select teams and support functions."
Trading revenue declined 20% to $206.8 million from the first quarter, while commissions and fees slipped 6.7% to $ 104.8 million.
The firm was created a little more than a year ago when high-frequency trading firm Getco LLC bought Knight Capital Group for $1.4 billion, the acquisition following Knight's high-profile trading error in 2012 that cost it $461 million.
The company posted earnings of $8.9 million, or eight cents a share. Pre-tax income, excluding $7 million in compensation costs related to a workforce reduction and other items, was $21.5 million, or about 11 cents a share, according to the company.
Revenue was $314.1 million.
Analysts had projected per-share earnings of 18 cents a share and revenue of $318 million, according to Thomson Reuters.
The company said it bought back 4.5 million shares during the period for about $52.9 million under its $150 million repurchase program.
As of June 30, KCG had about $600.9 million in cash and cash equivalents, compared with $651.1 million at the end of the first quarter. Its total outstanding debt was about $422.3 million, down from $472.3 million as of March 31.
Write to Michael Calia at michael.calia@wsj.com
While others dream of 2's & 3's from a time years past..........................GO KCG...........I'm still holding my upper 2's, turned 12's, now currently 11's, until they are 20's.................GO FIGURE.
"PEACE"
"We all have dreams..................now don't we, and how do you make you dreams come true...................by making the dream"
Now, Now lets not jump to conclusions. After all KCG is a fully sanctioned scam with the full support of the other government sanctioned scam know as the SEC. whats the worst that can happen, the SP drops back into the 3s or 2s and while the people at 11 get wiped out, I will buy and ride it back up. Thats how real scams work, just call it a mistake or a glitch, pay a small fine and do it all over again.lol
KCG - Yep! nothing like hiding naked short interest in ex-clearing. A self clearing market maker and/or one that works with retail brokers who do not require locates is quite a profitable business plan.
Tic Toc
Just having to cover one of their short positions could cause them problems.
Or not. Which long experience of these kinds of predictions suggests is most likely to be correct.
KCG - The timing of a number of recent developments with regard to NITE could be a signal of the eventual exposure of NITE's involvement in the targeting and naked short selling of OTC Stocks and securities.
Just waiting on the 3s again, wash rinse and repeat the government sanctioned scam
KCG - Correct! Insiders are selling at the current price levels, while those paid to determine the value of the stock are quiet.
I do recall KCG being downgraded recently.
Just a matter of time.
Sure seems that the insiders knew what to do, they sold their shares.
Oh yeah. Institutional players just wouldn't know what to do if they didn't hear CNBC's opinion first.
KCG - Not when the paid hacks on CNBC, Bloomberg, etc aren't "covering" the story to "influence" the market.
KCG is a market maker. What "latest investigation of KCG"? The not very important one referenced earlier? Involving a sub?
Another newsflash: if there were a serious problem, the market would have reacted.
KCG - For God's sake...KCG trades air shares!!!
Oh for God's sake. Newsflash: KCG trades on fundamentals.
KCG - Yep! Could see sub-$2 again on another planned take-down.
Bring on the 2s
KCG - No doubt there will be a computer glitch or a hacking that will be blamed for a huge capital loss to shareholders.
It will NOT be KCGs fault lol I'm sure some mysterious glitch will sneak up and surprise them. Hopefully they will get another tax write down based on the glitch so that we never find out the actual dollar amount lost by" those things that aren't our fault" lol lol lol
KCG - No doubt NITE is in store for the next haircut.
Wonder what will be written by the journalists from Reuters, AP, etc that are on the Knight payroll?
Tic Toc
exactly
4kids
all jmo
Better watch out if your not kissing crooked nites butt you will be in major trouble. This is one of the finest government run scams in history. I'm waiting to buy in the 2 dollar range again when another" it wasn't my fault" moment comes to light. Lol notice kcg has not come back to the just shy of 14 range when earlier investors were wiped out on the last" mistake, glitch" take your pick. I'm just glad, as it's been explained many times here, "real investors didn't lose, it was only institutional groups" lol. Of course they control the pension funds for the little guy but that's a fact that is not relevant, lol lol, give me 2s and 3s by winter to keep me warm at night lol
it made a great short 2x so far (2009 and 2012)
noted contemporaneously :)
no matter wriggle room in play by the dolts
KCG currently appears to be dead money
perhaps short worthy for the charm (3rd) time ;)
4kids
all jmo
They know just as we know. This sure would make a good short though if you were so inclined.
KCG >> notice *insiders* have only SOLD or DISPOSED of shares since May .. hmmmm Transaction Date Sorted in descending order. Name Position Type Shares Range Market
gee i wonder why that could be ;)
let's see what month did the sec note .. oh that is right >> MAY
Value Total Holdings
07/15/2014 DIBACCO, JOHN Officer Disposition (Non Open Market) 6,102 $12.10 73.8K 96,476
07/15/2014 SCHULER, STEPHEN T. DirectorDisposition (Non Open Market) 564,766 -- -- 6,596,485
07/15/2014 PRIMMER, RYAN F Officer Disposition (Non Open Market) 72,858 $11.35 826.9K 404,078
07/05/2014 COLEMAN, DANIEL CEO Disposition (Non Open Market) 24,193 $12.11 293.0K 382,708
07/05/2014 ROSS, JONATHAN CTO Disposition (Non Open Market) 2,551 $12.11 30.9K 158,444
07/05/2014 MCCARTHY, JOHN A General Counsel Disposition (Non Open Market) 966 $12.11 11.7K 80,483
07/01/2014 MCCARTHY, JOHN A General Counsel Disposition (Non Open Market) 4,994 $12.10 60.4K 83,347
07/01/2014 ROSS, JONATHAN CTO Disposition (Non Open Market) 9,642 $12.10 116.7K 165,875
07/01/2014 BISGAY, STEVEN CFO Disposition (Non Open Market) 46,051 $12.10 557.2K 341,430
07/01/2014 SOHOS, GEORGE Officer Disposition (Non Open Market) 9,211 $12.10 111.5K 354,801
07/01/2014 OGURTSOV, NICK Officer Disposition (Non Open Market) 15,865 $12.10 192.0K 170,765
05/27/2014 SOHOS, GEORGE Officer Sell 68,957 $12.10 834.4K 72,782
05/23/2014 SOHOS, GEORGE Officer Sell 22,425 $11.99 268.8K 141,739
05/22/2014 SOHOS, GEORGE Officer Sell 4,100 $11.97 49.1K 164,164
05/15/2014 KERN, RENE M. DirectorAcquisition (Non Open Market) 6,957 $11.50 80.0K 14,178
4kids
all jmo
NOV 2009 to AUG 2012 to JUL 2014 ..
hmmmmm
so let's see
2009 >> NITE (prior ticker) was essentially cut in half pps wise
2012 >> *glitch*
2014 >> SEC targets in high frequency trading probe
hmmmmm
4kids
all jmo
Exclusive: SEC targets 10 firms in high frequency trading probe - SEC document
BY Reuters
— 5:11 PM ET 07/17/2014
By John McCrank
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters.
The regulator told its staff in late March that it was interested in seeing any tips, complaints, or referrals that they receive concerning the brokers and high frequency trading.
The firms listed are Allston Trading LLC; Hudson River Trading LLC; Jump Trading LLC; Latour Trading LLC, which is an affiliate of Tower Trading; Merrill Lynch, Pierce, Fenner & Smith, owned by Bank of America Group; Octeg LLC, which has been merged into a unit of KCG Holdings Inc (KCG); Tradebot Systems Inc; Two Sigma Investments LLC; Two Sigma Securities LLC; and Virtu Financial.
They are all some of the largest trading firms in the U.S. Alston and Jump are both based in Chicago. Hudson River, Latour, Merrill, Two Sigma, and Virtu are headquartered in New York. KCG is in Jersey City, New Jersey, and Tradebot is based in Kansas City, Missouri.
Jump, Latour, Bank of America (BAC), Hudson River, Tradebot and KCG declined to comment. The other firms did not immediately respond to a request for comment.
Their number and the open-ended quest for information shows that the SEC is casting a wide net as it looks to unearth wrongdoing in the marketplace.
It is not known if the SEC found any violations of securities laws at any of the firms. The SEC declined to comment.
A number of government agencies, including the SEC, New York State Attorney General Eric Schneiderman’s office, the Commodity Futures Trading Commission and the Federal Bureau of Investigation have said they had active probes into high-speed and automated trading.
The SEC has been seeking evidence of abuse of order types, as well as traditional forms of abusive trading like "layering" or "spoofing" and other issues relating to high-frequency trading that might be violations of the law, SEC Director of Enforcement Andrew Ceresney told Reuters in May (http://reut.rs/1kwSqF5).
Spoofing and layering are tactics where traders places orders that they cancel before they are executed to create the false impression of demand, aiming to trick others into buying or selling a stock at the artificial price.
High frequency trading firms account for more than half of all trades in the U.S. stock market, and are often seen as modern-day market makers. They make it easier for investors to trade by stepping in and taking the other sides of many orders and profiting off of trading spreads.
Scrutiny around high-frequency trading intensified following the March 31 release of best-selling author Michael Lewis' book, "Flash Boys: A Wall Street Revolt." In the book, Lewis contends that high-frequency traders have rigged the stock market, profiting from speeds unavailable to others.
(Reporting by John McCrank; additional reporting by Herb Lash, editing by John Pickering)
NEW KCG MARKET STRUCTURE ANALYSIS INDICATES SEC's TICK SIZE PILOT HAS IMPLICATIONS BEYOND SPREADS
JERSEY CITY, N.J. - July 14, 2014 - KCG Holdings, Inc. (NYSE: KCG) today announced that it has published market commentary, "Who Gets the Short End of the 'Tick?" by Phil Mackintosh, Head of Trading Strategy and Analysis. The data-driven report includes the following findings regarding the potential impact of the Security & Exchange Commission's pilot program to widen tick sizes.
* While the pilot program was originally designed to spur trading and research in small-cap stocks, the proposal, if implemented across all stocks that meet the ADV and market cap thresholds, could ultimately impact a wide number of companies, including some S&P 500 names. The market capitalization of companies in the pilot could be as high as $5 billion, trading up to one million shares per day. Full market-wide implementation of the proposal would require more than 66% of all stocks to trade in five-cent increments.
* Less-liquid stocks will become easier to trade. Wider tick sizes should make the top of book deeper and less volatile. In fact, a new, wider National Best Bid and Offer (NBBO) should at least triple the depth of book in impacted names.
* Trading costs will likely go up. Wider spreads make it more expensive for investors to trade.
* Dark trading will likely increase. Dark trades allow investors to mitigate higher execution costs. Although off-exchange trading is specifically limited for a certain sub-set of stocks in the pilot, traders will still look for ways to hide their intention from other traders in lit venues.
* Implementation of wider tick sizes will add complexity to the marketplace. Wider tick size parameters will challenge order routing and limit order trading market-wide. This goes against an overarching concern of many participants that the market already is too complex.
"The breadth of securities covered by the proposed pilot, if implemented market wide, is significant. With well over half of all stocks potentially meeting the thresholds and possibly subject to five-cent increments, this proposal could become a major market structure development," Mr. Mackintosh said. "At the same time, trade-at rules will be tested without also testing the impact of inter-related market structure issues, such as exchange fee structures and locked market rules. To be sure, the pilot should deepen liquidity at the NBBO to great benefit. But there remain concerns that widening spreads will have negative consequences for the U.S. markets by eroding our global lead in many market quality measures including trading costs, liquidity, and robust derivatives and ETFs trading."
On June 25, 2014, the SEC announced its order to the national exchanges and the Financial Industry Regulatory Authority (FINRA) to develop a 12-month pilot program to widen minimum quoting and trading increments, or tick sizes, for certain small-cap stocks. The SEC seeks data to assess if wider tick sizes will enhance market quality. The pilot includes stocks with a market capitalization of $5 billion or less; an average daily trading volume of one million shares or less; and a share price of $2 per share or more. The exchanges and FINRA must submit a plan detailing the pilot program by August 25, 2014, after which it will be published for public comment.
KCG's Market Commentary Report is available at https://www.kcg.com/our-views
About KCG
KCG is a leading independent securities firm offering investors a range of services designed to address trading needs across asset classes, product types and time zones. The firm combines advanced technology with exceptional client service across market making, agency execution and venues. KCG has multiple access points to trade global equities, fixed income, currencies and commodities via voice or automated execution. www.kcg.com
CONTACT
Sophie Sohn
Communications & Marketing
312-931-2299
media@kcg.com
Now that's surprising. Just a couple of instances of being forced to cover FTD's presently hidden could bankrupt them imho.
Columbine Capital Services, Inc. downgrades KCG HOLDINGS INC from NEUTRAL to UNFAVORABLE.
INVESTARS ANALYST ACTIONS - PRIVATE – 7:12 PM ET 07/12/2014
Zacks Investment Research, Inc. downgrades KCG HOLDINGS INC from BUY to HOLD.
INVESTARS ANALYST ACTIONS - PRIVATE – 7:10 AM ET 07/03/2014
4kids
all jmo
not sure if this is the one you are looking for
but this was the one my post was noting
http://www.sec.gov/litigation/admin/2013/34-70694.pdf
4kids
all jmo
Quite a few form 4's filed!
Do you have the data on the information that was handed down on this.. The 100 share trades.. I had it and am still looking.
KCG Holdings (KCG)..........................Still in the groove.
GO KCG
"PEACE"
"Which way do we disco"
Ford Equity Research downgrades KCG HOLDINGS INC from BUY to HOLD.
INVESTARS ANALYST ACTIONS - PRIVATE – 7:24 PM ET 06/07/2014
4kids
all jmo
exactly
note the street's tight rein on KCG's *price movement* over the last year
it's been remarkable just how tight the rein has been
since the *street* cut (then ticker) NITE's PPS in half
(approx 24 to 12) back in OCT 2009
hmmmm
4kids
all jmo
As long as this scam can fall back to the 3.00 level I will be happy to load back up and play the flip again. 1st time after the "mistake"
I made good money. I need another oops
KCG Holdings (KCG)...............Gotta love it. What would any investment be without'em.
GO KCG
"PEACE"
"...........And I was hoping for such a nice story to query"
It's just another helping of conspiracy nonsense.
LOLOLOLOLOL!! What was that you just said about people not believing "unsubstantiated claims"?
Any news of such would be interesting.................KCG Holdings (KCG), However, haven't being following it myself, in fact, this is the first I've heard of such.
Give us more or links.......................please.
GO KCG
"PEACE"
"It's would be such a nice story"
KCG - Justice is slow but steady. Interpol will likely have the goods on these guys long before the FBI. Too many moles in the FBI, using the FBI to further their crimes.
Wonder how the FBI sting operation is progressing. Interpol is also working the London branch.
KCG Holdings (KCG)......Moving right along, but my $20 price target is still a ways off....................INVESTING.
GO KCG
"PEACE"
"How high is up?..........TWICE as far as half way.........UP"
?? hoping I'm right
Re MARKED able..........................
"PEACE"
Depends on next couple of quarters, you can't bleed forever and this could free fall to at least 7 which I would take. Best of luck to you, took me forever to forget about hating the company just playing the play. Mark this post 7s by July
KILLED IT.....................................but never more.
GO KCG
"PEACE"
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Knight Capital Group, Inc. (collectively with its subsidiaries, "Knight" or the "Company") is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including broker-dealers, institutions and corporations. The Company seeks to continually apply its expertise and innovation to the market making and trading process to build lasting client relationships through consistent performance and superior client service. The Company has four operating segments: (i) Market Making, (ii) Institutional Sales and Trading, (iii) Electronic Execution Services and (iv) Corporate and Other.
Market Making
The Market Making segment principally consists of market making in global equities and listed domestic options. As a market maker, the Company commits capital for trade executions by offering to buy securities from, or sell securities to, institutions and broker-dealers. The Market Making segment primarily includes client, and to a lesser extent, non-client electronic market making activities in which the Company operates as a market maker in equity securities quoted and traded on the Nasdaq Stock Market; the over-the-counter ("OTC") market for New York Stock Exchange ("NYSE"), NYSE Amex Equities ("NYSE Amex"), NYSE Arca listed securities; and several European exchanges. As a complement to electronic market making, the Company's cash trading business handles specialized orders and also transacts on the OTC Bulletin Board, the OTC Pink Markets and the Alternative Investment Market ("AIM") of the London Stock Exchange. The segment provides trade executions as an equities Designated Market Maker ("DMM") on the NYSE and NYSE Amex. The Market Making segment also includes the Company's option market making business which trades on substantially all domestic electronic exchanges.
Institutional Sales and Trading
The Institutional Sales and Trading segment includes global equity, exchange traded funds ("ETFs"), and fixed income sales; reverse mortgage origination and securitization; capital markets; and asset management activities. The primary business of the Institutional Sales and Trading segment is to execute and facilitate equities, ETFs and fixed income transactions as an agent on behalf of institutional clients, and commits capital on behalf of clients when needed. This is predominantly a full-service execution business, in which much of the interaction is based on the Company's client relationships. This segment also facilitates client orders through program and block trades and riskless principal trades and provides capital markets services, including equity and debt private placement.
Electronic Execution Services
The Electronic Execution Services segment offers access via its electronic agency-based platforms to markets and self-directed trading in equities, options, fixed income, foreign exchange and futures. In contrast to Market Making, the businesses within this segment generally do not act as a principal to transactions that are executed and generally earn commissions for acting as an agent between the principals to the trade.
Corporate and Other
The Corporate and Other segment invests in strategic financial services-oriented opportunities, allocates, deploys and monitors all capital, and maintains corporate overhead expenses and all other income and expenses that are not attributable to the other segments. The Corporate and Other segment houses functions that support the Company's other segments such as self-clearing services, including stock lending activities.
Discontinued Operations
Discontinued operations comprises costs associated with shutting down the Company's former Deephaven Capital Management business which was discontinued in 2009.
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