|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
Certain statements contained herein and the documents incorporated by reference containing the words "believes," "intends," "expects," "anticipates," and words of similar meaning, may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. 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 inability to manage trading strategy performance and sustain revenue and earnings growth; (ii) the sale of KCG Hotspot, including the receipt of additional payments that are subject to certain contingencies; (iii) changes in market structure, legislative, regulatory or financial reporting rules, including the increased focus by Congress, federal and state regulators, the SROs and the media on market structure issues, and in particular, the scrutiny of high frequency trading, alternative trading systems, market fragmentation, colocation, access to market data feeds, and remuneration arrangements such as payment for order flow and exchange fee structures; (iv) past or future changes to KCG's organizational structure and management; (v) 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; (vi) KCG's ability to keep up with technological changes; (vii) KCG's ability to effectively identify and manage market risk, operational and technology risk, cybersecurity risk, legal risk, liquidity risk, reputational risk, counterparty and credit risk, international risk, regulatory risk, and compliance risk; (viii) the cost and other effects of material contingencies, including litigation contingencies, and any adverse judicial, administrative or arbitral rulings or proceedings; (ix) the effects of increased competition and KCG's ability to maintain and expand market share; (x) the announced plan to relocate KCG's global headquarters from Jersey City, NJ to New York, NY; and (xi) KCG's ability to complete the sale or disposition of any or all of the assets or businesses that are classified as held for sale. The list above is not exhaustive. Because forward looking statements involve risks and uncertainties, the actual results and performance of KCG may materially differ from the results expressed or implied by such statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, KCG also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein. Readers should carefully review the risks and uncertainties disclosed in KCG's reports with the U.S. Securities and Exchange Commission ("SEC"), including those detailed in "Risk Factors" in Part I, Item 1A of KCG's Annual Report on Form 10-K for the year ended December 31, 2015, "Legal Proceedings" in Part I, Item 3, under "Certain Factors Affecting Results of Operations" in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7, in "Quantitative and Qualitative Disclosures About Market Risk" in Part II, Item 7A, and in other reports or documents KCG files with, or furnishes to, the SEC from time to time. This information should be read in conjunction with KCG's Consolidated Financial Statements and the Notes thereto contained in its Form 10-K, and in other reports or documents KCG files with, or furnishes to, the SEC from time to time.
©2016 KCG Holdings, Inc. All rights reserved. Offered by KCG Americas, LLC, member FINRA and SIPC and KCG Europe Limited, a U.K. registered broker-dealer authorised and regulated by the Financial Conduct Authority. Each are wholly-owned subsidiaries of KCG Holdings, Inc. For additional information about KCG Holdings, Inc. (NYSE: KCG), please visit kcg.com.