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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Trading revenues, net $ 837,357us-gaap_TradingGainsLosses $ 628,304us-gaap_TradingGainsLosses $ 421,063us-gaap_TradingGainsLosses
Commissions and fees 437,022us-gaap_FeesAndCommissions 275,474us-gaap_FeesAndCommissions 105,518us-gaap_FeesAndCommissions
Interest, net 621us-gaap_InterestIncomeExpenseNet (537)us-gaap_InterestIncomeExpenseNet (2,357)us-gaap_InterestIncomeExpenseNet
Investment income and other, net 41,232us-gaap_InvestmentIncomeNet 124,095us-gaap_InvestmentIncomeNet 27,010us-gaap_InvestmentIncomeNet
Total revenues 1,316,232us-gaap_Revenues 1,027,336us-gaap_Revenues 551,234us-gaap_Revenues
Expenses      
Employee compensation and benefits 437,269us-gaap_LaborAndRelatedExpense 349,192us-gaap_LaborAndRelatedExpense 157,855us-gaap_LaborAndRelatedExpense
Execution and clearance fees 305,177us-gaap_FloorBrokerageExchangeAndClearanceFees 246,414us-gaap_FloorBrokerageExchangeAndClearanceFees 185,790us-gaap_FloorBrokerageExchangeAndClearanceFees
Communications and data processing 150,595us-gaap_CommunicationsAndInformationTechnology 123,552us-gaap_CommunicationsAndInformationTechnology 90,623us-gaap_CommunicationsAndInformationTechnology
Depreciation and amortization 81,448us-gaap_DepreciationAndAmortization 55,570us-gaap_DepreciationAndAmortization 34,938us-gaap_DepreciationAndAmortization
Payments for order flow 70,183us-gaap_OrderFlowFees 35,711us-gaap_OrderFlowFees 2,964us-gaap_OrderFlowFees
Occupancy and equipment rentals 32,707kcg_OperatingLeasesandEquipmentRentExpense 24,812kcg_OperatingLeasesandEquipmentRentExpense 12,804kcg_OperatingLeasesandEquipmentRentExpense
Debt interest expense 32,456us-gaap_InterestExpenseDebt 34,938us-gaap_InterestExpenseDebt 2,665us-gaap_InterestExpenseDebt
Collateralized financing interest 27,860us-gaap_FinancingInterestExpense 9,847us-gaap_FinancingInterestExpense 0us-gaap_FinancingInterestExpense
Professional fees 25,596us-gaap_ProfessionalFees 46,662us-gaap_ProfessionalFees 14,072us-gaap_ProfessionalFees
Business development 9,763us-gaap_BusinessDevelopment 4,609us-gaap_BusinessDevelopment 23us-gaap_BusinessDevelopment
Writedown of assets and lease loss accrual, net 8,625us-gaap_OtherAssetImpairmentCharges 14,748us-gaap_OtherAssetImpairmentCharges 0us-gaap_OtherAssetImpairmentCharges
Writedown of capitalized debt costs 9,552us-gaap_WriteOffOfDeferredDebtIssuanceCost 13,209us-gaap_WriteOffOfDeferredDebtIssuanceCost 0us-gaap_WriteOffOfDeferredDebtIssuanceCost
Other 39,814us-gaap_OtherExpenses 43,094us-gaap_OtherExpenses 23,073us-gaap_OtherExpenses
Total expenses 1,231,045us-gaap_OperatingExpenses 1,002,358us-gaap_OperatingExpenses 524,807us-gaap_OperatingExpenses
Income from continuing operations before income taxes 85,187us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 24,978us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 26,427us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (benefit) 22,753us-gaap_IncomeTaxExpenseBenefit (101,114)us-gaap_IncomeTaxExpenseBenefit 10,276us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations, net of tax 62,434us-gaap_IncomeLossFromContinuingOperations 126,092us-gaap_IncomeLossFromContinuingOperations 16,151us-gaap_IncomeLossFromContinuingOperations
(Loss) Income from discontinued operations, net of tax (1,332)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 80us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income 61,102us-gaap_NetIncomeLoss 126,172us-gaap_NetIncomeLoss 16,151us-gaap_NetIncomeLoss
Loss from continuing operations allocated to preferred and participating units 0us-gaap_PreferredStockDividendsAndOtherAdjustments (21,565)us-gaap_PreferredStockDividendsAndOtherAdjustments 1,092us-gaap_PreferredStockDividendsAndOtherAdjustments
Net income attributable to common shareholders $ 61,102us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 147,737us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 15,059us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic earnings per share from continuing operations (in dollars per share) $ 0.55us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.84us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Diluted earnings per share from continuing operations (in dollars per share) $ 0.54us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.82us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Basic loss per share from discontinued operations (in dollars per share) $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Diluted loss per share from discontinued operations (in dollars per share) $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Basic earnings per share (in dollars per share) $ 0.54us-gaap_EarningsPerShareBasic $ 1.84us-gaap_EarningsPerShareBasic $ 0.31us-gaap_EarningsPerShareBasic
Diluted earnings per share (in dollars per share) $ 0.52us-gaap_EarningsPerShareDiluted $ 1.82us-gaap_EarningsPerShareDiluted $ 0.31us-gaap_EarningsPerShareDiluted
Shares used in computation of basic earnings (loss) per share 112,854us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 80,143us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 48,970us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Shares used in computation of diluted earnings (loss) per share 116,534us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 81,015us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 48,970us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding