US-headquartered KCG Holdings, Inc., which is NYSE listed under ticker KCG, has today announced the European release of its “Catch” client execution algorithm, which it describes as a product created to use smart logic, adaptability, and advanced analytics with the aim of achieving small gains (micro alpha) whilst handling liquidity flows.
The product joins the firm’s list of algorithmic trading solutions offered to clients. Commenting in the company’s press release, Rob Crane, Head of Execution Services at KCG Europe said, “Catch uses our nuanced fair value models, analytics processing power and optimized routing logic to expertly navigate the EU marketplace.”
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He added, “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.”
The move follows on the heels of the products success in the U.S., as the company aims to see similar benefits with the solution in Europe, and is available through KCG’s network of OMS and EMS vendors that provide the connectivity and execution routing to broker-dealers and venues.
Phil Allison, CEO of KCG Europe, added in the official press release, “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.”