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|KCG LAUNCHES CLIENT TRADING STRATEGY "CATCH" IN EUROPE|
KCG LAUNCHES CLIENT TRADING STRATEGY "CATCH" IN EUROPE
KCG "Catch" is an Algorithm Designed to Intelligently Adapt and Capture Liquidity
London - 31 March, 2016 - KCG Holdings, Inc. (NYSE: KCG) today announced the European release of "Catch," a client execution algorithm designed to leverage smart logic, adaptability and advanced analytics to capture liquidity and achieve incremental micro alpha. Catch is the latest in a suite of client algorithmic trading offerings developed by KCG to translate the firm's deep market making expertise to the benefit of its electronic trading clients.
"Catch uses our nuanced fair value models, analytics processing power and optimized routing logic to expertly navigate the EU marketplace," said Rob Crane, Head of Execution Services for KCG Europe. "We designed it for our clients who want an adaptive strategy that minimizes potential impact, and yet benefits from those opportunities to extract better incremental performance. It manages orders using the tactics a market maker would use - staying highly flexible and minding inventory and market conditions in real time."
Catch has a highly flexible participation range, so that it has room to move and pursue liquidity as needed. Clients can determine its urgency level, selecting "Passive," "Neutral" or "Aggressive," depending on how they want the strategy to behave.
This launch follows on the success of the firm's earlier release of Catch in the US, which quickly became a popularly selected and differentiated offering for institutional clients.
Phil Allison, CEO of KCG Europe, said: "Our goal is for our agency trading offerings to harness the firm's specific areas of expertise: our focus on execution quality, consistently high hit rates, deep understanding of liquidity and market microstructure, and our commitment to powerful technology. Catch should serve as an example of how our execution-only business model can translate to meaningful benefits for our clients."
The algorithm is being deployed via the firm's open architecture network of major OMS and EMS providers. For questions, contact the algorithmic trading team at email@example.com.
KCG is a leading independent securities firm offering investors and clients 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
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