KCG Launches 'Catch' Execution Algorithm in Europe after U.S. Debut
- Europe launch follows after Catch execution algorithm deployed in the U.S.
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 Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term with the aim of achieving small gains (micro alpha) whilst handling Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term 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."
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."
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 Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term with the aim of achieving small gains (micro alpha) whilst handling Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term 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."
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."