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Condensed Financial Statements of KCG Holdings, Inc. (parent only) - Statements of Cash Flows (Parent Only) (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Mar. 16, 2015
Mar. 10, 2015
Dec. 31, 2013
Jun. 30, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Jun. 05, 2013
Cash flows from operating activities                
Net income     $ 209,393 $ (89,305) $ 249,104 $ 61,102 $ 126,172  
Adjustments to reconcile net income to net cash provided by operating activities                
Stock-based compensation         84,663 58,940 64,286  
Debt discount accretion and other debt related expenses         12,829 13,217 17,332  
Amortization expense         35,244 35,592 19,211  
Decrease (increase)in operating assets                
Subordinated loan receivable         265,763 14,468 (129,035)  
Deferred tax asset         9,976 19,397 (103,499)  
Other assets         (26,340) (6,459) 25,785  
(Decrease) increase in operating liabilities                
Accrued compensation expense         21,726 (29,536) 24,441  
Accrued expenses and other liabilities         (37,545) (40,583) (64,470)  
Net cash provided by operating activities         12,984 242,524 141,204  
Cash flows from investing activities                
Purchases of fixed assets and leasehold improvements         (34,581) (34,139) (25,147)  
Net cash (used in) provided by investing activities         328,478 11,472 582,892  
Cash flows from financing activities                
Proceeds from issuance of Credit Agreement         0 0 535,000  
Partial repayment of Credit Agreement         0 (235,000) (300,000)  
Proceeds from issuance of 6.875% Senior Secured Notes, net         494,810 0 0  
Proceeds from issuance of 8.25% Senior Secured Notes         0 0 305,000  
Repayment of 8.25% Senior Secured Notes         (305,000) 0 0  
Repayment of Notes         0 0 (15,000)  
Payment of debt issuance costs         (12,645) 0 (34,592)  
Cost of common stock repurchased - Tender Offer         (330,000) 0 0  
Cost of common stock repurchased         (63,194) (111,585) (11,324)  
Issuance of equity to General Atlantic         0 0 55,000  
Payment to former Knight Capital Group, Inc. stockholders         0 0 (720,000)  
Repayment of Knight Convertible Notes $ (119,300)       (117,259) 0 0  
Funding of collateral account for Knight Convertible Notes         0 0 (117,259)  
Release of collateral account for Knight Convertible Notes         0 0 117,259  
Members distributions         0 0 (21,002)  
Stock options exercised         1,247 0 0  
Warrants exercised         532 0 0  
Cost of warrants repurchased         (4,441) 0 0  
Income tax (provision) benefit related to stock-based compensation         2,647 0 0  
Net cash used in financing activities         (337,336) (349,925) (478,811)  
Increase (decrease) in cash and cash equivalents         2,545 (95,513) 246,650  
Cash and cash equivalents at beginning of period       427,631 578,768 674,281 427,631  
Cash and cash equivalents at end of period     674,281   581,313 578,768 674,281  
Supplemental disclosure of cash flow information:                
Cash paid for interest         81,349 76,003 56,227  
Cash paid for income taxes         $ 124,461 16,975 10,198  
Senior Secured Notes | 6.875% Senior Secured Notes                
Cash flows from financing activities                
Proceeds from issuance of 8.25% Senior Secured Notes   $ 494,800            
Supplemental disclosure of cash flow information:                
Interest rate   6.875%     6.875%      
Senior Secured Notes | 8.25% Senior Secured Notes                
Supplemental disclosure of cash flow information:                
Interest rate         8.25%     8.25%
Parent Company                
Cash flows from operating activities                
Net income         $ 249,104 61,102 126,172  
Adjustments to reconcile net income to net cash provided by operating activities                
Equity in earnings of subsidiaries, net of tax         (302,602) (122,206) (123,155)  
Stock-based compensation         14,942 16,997 0  
Debt discount accretion and other debt related expenses         12,103 12,548 16,931  
Amortization expense         0 0 698  
Dividends received from subsidiaries         85,323 224,524 396,425  
Decrease (increase)in operating assets                
Subordinated loan receivable         0 (30,000) (250,000)  
Deferred tax asset         60,262 6,019 (144,109)  
Other assets         (17,255) (25,897) 5,568  
(Decrease) increase in operating liabilities                
Accrued compensation expense         5,050 13,208 0  
Accrued expenses and other liabilities         20,063 3,178 64,571  
Net cash provided by operating activities         126,990 159,473 93,101  
Cash flows from investing activities                
Cash acquired upon acquisition of Knight Capital Group, Inc.         0 0 509,133  
Cash received from sale of Urban Financial of America, LLC         0 0 85,406  
Purchases of fixed assets and leasehold improvements         (2,972) 0 0  
Capital contributions to subsidiaries         0 0 (164,975)  
Net cash (used in) provided by investing activities         (2,972) 0 429,564  
Cash flows from financing activities                
Proceeds from issuance of Credit Agreement         0 0 535,000  
Partial repayment of Credit Agreement         0 (235,000) (300,000)  
Proceeds from issuance of 6.875% Senior Secured Notes, net         494,810 0 0  
Proceeds from issuance of 8.25% Senior Secured Notes         0 0 305,000  
Repayment of 8.25% Senior Secured Notes         (305,000) 0 0  
Repayment of Notes         0 0 (15,000)  
Payment of debt issuance costs         (12,645) 0 (34,592)  
Cost of common stock repurchased - Tender Offer         (330,000) 0 0  
Cost of common stock repurchased         (63,194) (111,585) (11,324)  
Issuance of equity to General Atlantic         0 0 55,000  
Payment to former Knight Capital Group, Inc. stockholders         0 0 (720,000)  
Repayment of Knight Convertible Notes         0 0 (257,741)  
Funding of collateral account for Knight Convertible Notes         0 0 (117,259)  
Release of collateral account for Knight Convertible Notes         0 0 117,259  
Members distributions         0 0 (21,002)  
Cash funding transactions with subsidiaries         123,308 236,795 80,500  
Stock options exercised         1,247 0 0  
Warrants exercised         532 0 0  
Cost of warrants repurchased         (4,441) 0 0  
Income tax (provision) benefit related to stock-based compensation         2,647 0 0  
Net cash used in financing activities         (92,736) (109,790) (384,159)  
Increase (decrease) in cash and cash equivalents         31,282 49,683 138,506  
Cash and cash equivalents at beginning of period       $ 114,511 302,700 253,017 114,511  
Cash and cash equivalents at end of period     $ 253,017   333,982 302,700 253,017  
Supplemental disclosure of cash flow information:                
Cash paid for interest         33,878 28,426 26,239  
Cash paid for income taxes         124,461 15,456 365  
Non-cash net funding financing activities with subsidiaries         $ 54,510 $ 131,840 $ 1,082,031