News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

KCG Holdings swings to profit on higher trading volume

Market volatility spurred trading volume, especially in equities

KCG Holdings swung to a profit in the fourth quarter, as market volatility spurred trading volume, especially in equities.

KCG was formed when Knight Capital Group merged with Getco in July 2013. As a high-frequency trading firm, it uses powerful computers to zip in and out of markets, earning tiny profits on hundreds of thousands of transactions a day. However, KCG and other such firms have been on the defensive, as state and federal regulators have launched investigations into their practises.

WSJ Logo