KCG

  www.kcg.com
  www.kcg.com
There are newer employer reviews for KCG

 

Great group of people to work with

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Assistant Vice President
Current Employee - Assistant Vice President

I have been working at KCG full-time (more than 5 years)

Pros

Family environment, fun, every day is different, hours are great, team oriented

Cons

Will have to see how the merger goes

Recommends
Positive Outlook
No opinion of CEO

22 Other Employee Reviews for KCG (View Most Recent)

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  1. 7 people found this helpful  

    Dysfunctional and bureaucratic for a company of this size

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at KCG

    Pros

    Still many many good people, but they continue to leave as a result of the merger

    Cons

    Since the merger a huge amount of red tape has been introduced. Company no longer is focused on cost and running profitable as it was without Getco at the helm.

    Doesn't Recommend
    Negative Outlook
  2. 6 people found this helpful  

    It's a mixed bag.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Support in Jersey City, NJ
    Former Employee - Support in Jersey City, NJ

    I worked at KCG full-time (less than an year)

    Pros

    KCG is the company that resulted from the takeover of Knight by Getco in the wake of the notorious computer glitch of August 1, 2013, that caused Knight to lose approximately half a billion dollars in a matter of about 20 minutes. Although KCG did not retain most of Knight's senior management, it has retained most of its key producers in its market-making and proprietary trading units. To the extent that KCG retains its Knight DNA, (i.e., its personnel, approach and commitment to client service), the company should do fine. It has divested itself of several peripheral business lines, refocused on its core trading businesses and has global aspirations.

    Cons

    Of the 12 managers chosen to report to the new CEO, (formerly the Getco CEO), only 2 have Knight pedigrees which is curious in light of how Knight, (the company that Getco absorbed), has client-facing businesses that Getco did not have. For better or worse, KCG will have to live with the stigma of Knight's computer glitch and the multi-million dollar settlement with the SEC that ensued. It will take a while for the industry, the press, and especially for regulators, to separate KCG from the event that led to the demise of Knight (and the creation of KCG).

    Advice to ManagementAdvice

    Knight's availability as a takeover target was the result of a single physical coding error -- it was neither the result of mismanagement nor was it the result of adverse economics. Senior management should understand that Knight was thriving up to the moment before the computer error of August 1, 2013, and should strive to retain as much of the Knight personnel and culture as possible.

    Doesn't Recommend
    Neutral Outlook
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