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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment
The following table summarizes the Company’s goodwill by segment (in thousands):
 
December 31,
2015
 
December 31, 2014
Market Making
$
16,404

 
$
16,404

Global Execution Services
—

 
907

Total
$
16,404

 
$
17,311
Summary of Intangible Assets, Net by Segment and Type
The following tables summarize the Company’s Intangible assets, net of accumulated amortization by segment and type (in thousands):
 
December 31,
2015
 
December 31, 2014
Market Making (1)
 
 
 
Technology
$
38,151

 
$
50,542

Trading rights
8,530

 
44,358

Total
46,681

 
94,900

Global Execution Services (2)
 
 
 
Technology
21,446

 
18,200

Customer relationships
9,389

 
10,833

Trade names
750

 
850

Total
31,585

 
29,883

Corporate and Other
 
 
 
   Technology
5,801

 
10,500

Total
$
84,067

 
$
135,283

(1) 
Excluded from the December 31, 2015 balance is $26.0 million of intangibles related to businesses which meet the requirements to be considered held-for-sale. As noted in Footnote 5 "Discontinued Operations, Assets and Liabilities Held for Sale & Sales of Businesses", such amount is included in Assets of businesses held for sale at December 31, 2015.
(2) 
Excluded from the December 31, 2014 balance is $34.7 million of intangibles related to KCG Hotspot which was held for sale at that time. As noted in Footnote 5 "Discontinued Operations, Assets and Liabilities Held for Sale & Sales of Businesses", such amount is included in Assets of businesses held for sale at December 31, 2014.
 
 
December 31,
2015
 
December 31, 2014
Technology (1)
Gross carrying amount
$
120,256

 
$
115,804

 
Accumulated amortization
(54,858
)
 
(36,562
)
 
Net carrying amount
65,398

 
79,242

Trading rights (2)
Gross carrying amount
9,209

 
62,468

 
Accumulated amortization
(679
)
 
(18,110
)
 
Net carrying amount
8,530

 
44,358

Customer relationships (3)
Gross carrying amount
13,000

 
13,000

 
Accumulated amortization
(3,611
)
 
(2,167
)
 
Net carrying amount
9,389

 
10,833

Trade names (4)
Gross carrying amount
1,000

 
1,000

 
Accumulated amortization
(250
)
 
(150
)
 
Net carrying amount
750

 
850

Total
Gross carrying amount
143,465

 
192,272

 
Accumulated amortization
(59,398
)
 
(56,989
)
 
Net carrying amount
$
84,067

 
$
135,283

(1) 
The weighted average remaining life for technology, including capitalized internal use software, was approximately two and three years as of December 31, 2015 and December 31, 2014, respectively. Excluded from the December 31, 2015 balance is $8.8 million of technology assets related to Assets of businesses held for sale. Excluded from the December 31, 2014 balance is $13.1 million of technology assets related to KCG Hotspot which as noted in Footnote 5 "Discontinued Operations, Assets and Liabilities Held for Sale & Sales of Businesses", is included in Assets of businesses held for sale at December 31, 2014.
(2) 
Trading rights provide the Company with the rights to trade on certain exchanges. The weighted average remaining life of trading rights with definite useful lives was approximately five and seven years as of December 31, 2015 and December 31, 2014, respectively. As of December 31, 2015 and December 31, 2014, $6.9 million of trading rights had indefinite useful lives. Excluded from the December 31, 2015 balance is $17.2 million of trading rights related to Assets of businesses held for sale.
(3) 
Customer relationships relate to KCG BondPoint. The weighted average remaining life was approximately 7 and 8 years as of December 31, 2015 and December 31, 2014, respectively. Lives may be reduced depending upon actual retention rates. Excluded from the December 31, 2014 balance is $19.0 million of customer relationships related to KCG Hotspot which as noted in Footnote 5 "Discontinued Operations, Assets and Liabilities Held for Sale & Sales of Businesses", is included in Assets of businesses held for sale at December 31, 2014.
(4) 
Trade names relate to KCG BondPoint. The weighted average remaining life was approximately 7 and 8 years as of December 31, 2015 and December 31, 2014, respectively. Excluded from the December 31, 2014 balance is $2.6 million of the trade name related to KCG Hotspot which as noted in Footnote 5 "Discontinued Operations, Assets and Liabilities Held for Sale & Sales of Businesses", is included in Assets of businesses held for sale at December 31, 2014.
Summary of Amortization Expense
The following table summarizes the Company’s amortization expense from continuing operations relating to Intangible assets (in thousands):
 
For the year ended December 31,
 
2015
 
2014
 
2013
Amortization expense
$
35,244

 
$
35,592

 
$
19,211
Summary of Estimated Amortization Expense for Future Periods
As of December 31, 2015, the following table summarizes the Company’s estimated amortization expense for future periods (in thousands):
 
    Amortization    
expense
For the year ended December 31, 2016
$
28,739

For the year ended December 31, 2017
27,381

For the year ended December 31, 2018
15,127

For the year ended December 31, 2019
1,751

For the year ended December 31, 2020
1,659