KCG HOLDINGS, INC.

KCG Holdings, Inc. is a financial services firm based out of Jersey City, New Jersey. The company can trace its history back to the founding of Getco LLC by Stephen Schuler and Daniel Tierney in 1999. The current KCG Holdings was formed out of the merger between Knight Capital Group Inc., which was established in 1995 as the Knight/ Trimark Group, and Getco LLC, officially completing the merger and forming the new KCG Holdings Inc company in 2013. The company describes itself as a “securities trading firm committed to innovation, transparency, and always working in our clients’ best interests.” KCG Holdings operates through three main segments: its Global Execution Services segment, Market Making segment, and Corporate and Other segment. The Market Making segment focuses on cash, futures, and other securities, participating on a variety of equity exchanges. The Global Execution Services segment provides a variety of trading services including various access points and electronic exchange communication networks. The corporate and Other segment invests in various financial services focused opportunities. KCG Holdings invests most heavily in the finance sector, which alone makes up over a third of the firm’s total asset allocations, and also invests in the consumer discretionary, information technology, and health care sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for 5 quarters on average although KCG Holdings holds its top 10 holdings for only 3.2 quarters on average. KCG Holding’s top 10 holdings includes SPDR S&P 500 ETF Index Depositary Receipts (PUT) and SPDR S&P 500 ETF Index Depositary Receipts (CALL), each of which make up over 10% of the firm’s total holdings with none of the firm’s other holdings making up over 2% of the company’s total allocations. The company currently operates with over 1,100 total employees and brings in over $1.3 billion in total revenue.