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  (KCG)
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What are 's Business Segments?



Market Making Segment
We make markets primarily in global equities, futures, options, fixed income, currencies and commodities. We are an active participant on all major global equity and futures exchanges. As a market maker, we commit capital on a principal basis by offering to buy securities from, or sell securities to, broker dealers, banks and institutions. Principal trading in the Market Making segment primarily consists of direct-to-client and non-client exchange-based electronic market making in equity securities quoted and traded on the NYSE, Nasdaq Stock Market, OTC market, NYSE Amex, NYSE Arca and several European exchanges. We are connected to a large number of external market centers including exchanges, ECNs, ATSs, dark liquidity pools, alternative display facilities (“ADF”), multilateral trading facilities (“MTF”) and other broker dealers.


The majority of revenues for this segment are derived from direct-to-client electronic market making in U.S. equities. As a complement to electronic market making, our cash trading business handles specialized orders and also transacts on the OTC Bulletin Board, marketplaces operated by the OTC Markets Group Inc., and the AIM. We also provide trade executions as an equities DMM on the NYSE and NYSE Amex and will continue to do so until the completion of our sale of this business as noted above.


The majority of market making activity is conducted on a principal basis through the use of automated quantitative models. In direct-to-client market making, we derive revenues from the difference between the amount paid when securities are bought and the amount received when the securities are sold. In non-client, exchange-based market making, we generally derive revenues from pricing and arbitrage opportunities from financial instruments within the marketplace.

Global Execution Services Segment
We provide agency execution services and trading venues for agency-based, execution-only trading in global equities, fixed income, futures and options to institutions, banks and broker dealers. We are an active participant on all major global equity, futures and options exchanges. We generally earn commissions and commission-equivalents as an agent between principals for transactions, however, we will commit capital on behalf of clients as needed. We are connected to a large number of external market centers including exchanges, ECNs, ATSs, dark liquidity pools, ADFs, MTFs and other broker dealers.


The majority of revenues for this segment are derived from agency-based, execution-only trading encompassing algorithmic trading and order routing in global equities; institutional sales traders executing program, block and riskless principal trades in global equities and ETFs; a fixed income ECN that also offers trading applications (KCG BondPoint); and an ATS for global equities (KCG MatchIt).


As previously noted, in November 2014, we sold our FCM business, which was part of this segment and whose results, through the date of sale, are included within this segment. Additionally, in March 2015 we sold our KCG Hotspot business, whose results, through the date of sale, are included within this segment.

Corporate and Other Segment
Our Corporate and Other segment contains investments principally in strategic financial services-oriented opportunities; manages the deployment of capital across the organization; houses executive management functions; and maintains corporate overhead expenses and all other income and expenses that are not attributable to our other segments. Our Corporate and Other segment contains functions that support our other segments, such as self-clearing services, including stock lending activities. We self-clear substantially all of our domestic and international equity, ETF and equity option order flow.

   

Tax Rate Companies within the Industry


Business Segments Q1
Revenues
(in millions $)
Q1
Income
(in millions $)
(Mar 31 2017)
%
(Profit Margin)
Total 255.37 3.21 1.26 %

Growth rates by Segment Q1
Y/Y Revenue
%
(Mar 31 2017)
Q/Q Revenue
%
Q1
Y/Y Income
%
(Mar 31 2017)
Q/Q Income
%
Total -26.07 % -56.01 % -91.36 % -98.36 %

To get more information on 's Total segment. Select each division with the arrow.


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