JERSEY CITY, New Jersey - October 20, 2016 - KCG Holdings, Inc. (KCG) today reported a consolidated loss of $11.2 million, or $0.13 per share, for the third quarter of 2016. The third quarter consolidated loss includes an income tax benefit of approximately $6.1 million or $0.07 per share primarily related to tax deductions and credits generated from the company`s software development activities.
Third Quarter Highlights
Averaged approximately 30 percent market share of retail SEC Rule 605 U.S. equity share volume among the leading market makers during the quarter
Averaged approximately 16 percent market share of U.S. ETF share volume from market making and agency-based trading activity during the quarter
Completed the migration of KCG MatchIt to a new matching engine
Acquired Neonet Securities AB, an independent agency broker and execution specialist based in Stockholm, Sweden
Named Mike Blum Chief Technology Officer effective October 1, 2016
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