Press Release

KCG Launches Client Trading Strategy "Catch"

KCG Launches Client Trading Strategy "Catch"

New Algorithm Designed to Intelligently Adapt and Capture Liquidity 

JERSEY CITY, New Jersey - November 18, 2014 - KCG Holdings, Inc. (NYSE: KCG) today announced the 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 newest strategy in a suite of algorithmic trading offerings developed by KCG to translate the firm's deep market making expertise to the benefit of its electronic trading clients.

"Catch leverages the power of our nuanced fair value models, market analytics and routing logic," said Charlie Susi, head of KCG Electronic Trading. "We designed it as a strategy for our clients who want to track arrival price as closely as possible, minimize potential impact, and yet benefit from all of those incremental opportunities to extract better performance.  It trades using the expertise a market maker would use - staying flexible and adapting as it watches 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 new strategy follows on the success of the firm's earlier release of "Opportunistic," a liquidity-seeking algorithm that combines the benefits of market maker-like order management logic with comprehensive access to internal and external market liquidity.  

Greg Tusar, KCG's Head of U.S. Client Services, said: "The offerings our electronic trading business has developed this year demonstrate how KCG is harnessing the firm's focus on execution quality, deep understanding of liquidity and market microstructure, and commitment to innovative technology to deliver measurable benefits to our clients. We've seen a lot of early interest in Catch, particularly from our institutional clients."

The algorithm is being deployed via the firm's open architecture network of major OMS and EMS providers, as well as via KCG's EMS offering, KCG Direct.  For questions, contact the algorithmic trading team at

About KCG
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.

Certain statements contained herein may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," "positions," "prospects" or "potential," by future conditional verbs such as "will," "would," "should," "could" or "may," or by variations of such words or by similar expressions. These "forward-looking statements" are not historical facts and are based on current expectations, estimates and projections about KCG's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Any forward-looking statement contained herein speaks only as of the date on which it is made. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks associated with: (i) the strategic business combination (the "Mergers") of Knight Capital Group, Inc. ("Knight") and GETCO Holding Company, LLC ("GETCO"), including, among other things, (a) difficulties and delays in integrating the Knight and GETCO businesses or fully realizing cost savings and other benefits, (b) the inability to sustain revenue and earnings growth, and (c) customer and client reactions to the Mergers; (ii) the August 1, 2012 technology issue that resulted in Knight's broker-dealer subsidiary sending numerous erroneous orders in NYSE-listed and NYSE Arca securities into the market and the impact to Knight's business as well as actions taken in response thereto and consequences thereof; (iii) the sale of KCG's reverse mortgage origination and securitization business, pending sale of KCG's futures commission merchant and the pending strategic review of KCG Hotspot; (iv) changes in market structure, legislative, regulatory or financial reporting rules, including the increased focus by regulators, the New York Attorney General, Congress and the media on market structure issues, and in particular, the scrutiny of high frequency trading, alternative trading systems manner of operations, market fragmentation, colocation, access to market data feeds, and remuneration arrangements such as payment for order flow and exchange fee structures; (v) past or future changes to organizational structure and management; (vi) KCG's ability to develop competitive new products and services in a timely manner and the acceptance of such products and services by KCG's customers and potential customers; (vii) KCG's ability to keep up with technological changes; (viii) KCG's ability to effectively identify and manage market risk, operational and technology risk, legal risk, liquidity risk, reputational risk, counterparty and credit risk, international risk, regulatory risk, and compliance risk; (ix) the cost and other effects of material contingencies, including litigation contingencies, and any adverse judicial, administrative or arbitral rulings or proceedings; and (x) the effects of increased competition and KCG's ability to maintain and expand market share. The list above is not exhaustive. Readers should carefully review the risks and uncertainties disclosed in KCG's reports with the SEC, including, without limitation, those detailed under "Risk Factors" in KCG's Annual Report on Form 10-K for the year-ended December 31, 2013, under "Certain Factors Affecting Results of Operations" in KCG's Quarterly Report on Form 10-Q for the period ended September 30, 2014, and other reports or documents KCG files with, or furnishes to, the SEC from time to time.


Sophie Sohn Jonathan Mairs
Communications & Marketing Investor Relations
312-931-2299 201-356-1529