Business Context and Reporting Period
This Form 8-K was filed by Virtu Financial, Inc. on May 4, 2018. The filing serves as a current report to disclose unaudited financial statements of KCG Holdings, Inc. ("KCG") and pro forma financial information for Virtu Financial in connection with a registration statement to be filed by the Company.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it lists the following financial documents as exhibits containing the data:
- Unaudited financial statements of KCG for the six months ended June 30, 2017.
- Audited consolidated financial statements of KCG for the years ended December 31, 2016 and 2015.
- Unaudited pro forma condensed combined consolidated statement of operations for Virtu Financial for the year ended December 31, 2017.
Material Changes
The filing does not explicitly detail material changes in financial performance versus prior periods within the text body. It references the inclusion of historical KCG data and pro forma combined data to illustrate the financial impact of the transaction.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors. The primary purpose is to provide the financial statements required for the pending registration statement. The filing notes that PricewaterhouseCoopers LLP has provided consent regarding the financial statements.
Investor Verification Checklist
- Review Exhibit 99.1 for KCG's unaudited financial position as of June 30, 2017.
- Review Exhibit 99.2 for KCG's audited financial results for 2015 and 2016.
- Review Exhibit 99.3 for the pro forma combined results of Virtu Financial and KCG for the year ended December 31, 2017.
- Verify the details of the pending registration statement referenced in Item 8.01.