Discontinued Operations & Assets and LIabilities Held for Sale(Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Summary of Balance Sheet and Results of Operations of Discontinued Operations

The KCG Hotspot assets and liabilities held for sale are summarized as follows (in thousands):

	December 31,
	2014
Assets:
Fixed assets, less accumulated depreciation	$	391
Intangible assets, net accumulated amortization	34,696
Other assets	5,397
Total assets of business held for sale	$	40,484
Liabilities:
Accrued compensation expense	$	2,298
Accrued expenses and other liabilities	58
Total liabilities of business held for sale	$	2,356

In January 2015, KCG entered into an agreement to sell KCG Hotspot to BATS. See Footnote 27 “Subsequent Event” for additional information.

The revenues and results of operations of discontinued operations are summarized as follows (in thousands):

	For the year ended December 31, 2014			For the six months ended December 31, 2013
Revenues & Gain on sale	$	(1,148	)	$	39,868
Expenses:
Compensation	$	70		$	14,068
Payments for order flow	—			9,885
Execution and clearance fees	—			5,038
Other expenses	930			10,748
Total Expenses	1,000			39,739
Pre-tax (loss) income from discontinued operations	(2,148		)	129
Income tax benefit (expense)	816			(49		)
Loss (Income) from discontinued operations, net of tax	$	(1,332	)	$	80