KCG Holdings

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KCG Holdings
Virtu Financial
SubsidiariesNetDelta LLC
Websitewww.kcg.com

KCG Holdings, Inc. was an American global financial services firm engaging in

Knight Capital Group, Inc. and GETCO Holding Company, LLC.[4] Global growth equity firm General Atlantic, who had a 25% stake in GETCO, made an additional equity investment at the time of the merger. Rene Kern, managing director at General Atlantic joined the board of directors[5]

On April 20, 2017, KCG announced that it had agreed to be acquired by Virtu Financial for $20 per share in cash in a deal valued at approximately $1.4 billion.[6][7]

History

dark pool
through its client services arm, Getco Execution Services.

dark pools, plus institutional sales and trading. In August 2012, a technological/managerial breakdown subsequently dubbed the "Knightmare" caused Knight to lose $460m in the course of one trading day, nearly putting the firm out of business.[10] In December 2012, it agreed to be acquired by Getco LLC. The merger was approved by the respective stockholders and unitholders of both companies on June 25, 2013.[4]

On July 8, 2013, chief executive officer Daniel Coleman rang the opening bell at the New York Stock Exchange, marking the completion of Knight and Getco's merger and the unveiling of a new corporate identity, KCG Holdings.[11]

In 2014, 27 million shares of Platinum Studios were acquired by KCG Holdings.[12]

In January 2015, KCG Holdings announced it would be selling its foreign exchange trading platform KCG Hotspot to BATS Global Markets for $365 million.[13]

In April 2017, Virtu Financial announced that it would purchase KCG Holdings for US$1.4 billion in cash.[14] The acquisition closed on July 20, 2017.[15]

See also

References

  1. ^ Company profile dnb.com
  2. ^ a b c d "KCG - Press Release". KCG Holdings, Inc.
  3. ^ "About Us | KCG". Retrieved 2013-07-10.
  4. ^ a b "Knight Capital Group And GETCO Complete Merger". news.kcg.com. KCG Holdings.
  5. ^ "GETCO to Acquire Knight Capital (KCG) for $3.75/Share in Cash and Stock". Street Insider. Retrieved 16 December 2015.
  6. ^ Shankar, Sruthi. "Virtu Financial is buying KCG Holdings for $1.4 billion". Business Insider. Retrieved 2020-08-06.
  7. ^ "Trading firm Virtu Financial to buy KCG for about $1.4 billion". Reuters. 2017-04-20. Retrieved 2020-08-06.
  8. ^ Marek, Lynne (3 July 2013). "KCG taps former Getco CEO Schuler". Chicago Business.
  9. ^ "History". KCG Holdings.
  10. ^ October 23, 2013, Register, "Lone Sysadmin triggers 462 Million dollar crash"
  11. ^ "NYSE Press Release, July 03, 2013". Archived from the original on July 29, 2015. Retrieved September 2, 2017.
  12. ^ MacDonald, Heidi. "Is a holding company acquiring what is left of Platinum Studios?," The Beat (Mar. 4, 2014).
  13. ^ "Deals of the day- Mergers and acquisitions". Reuters. 28 January 2015. Retrieved 2015-02-02.
  14. ^ Virtu Financial, Inc. Agrees to Acquire KCG Holdings, Inc. to Create a Premier Market Maker and Agency Execution Firm virtu.com
  15. ^ "Virtu Financial, Inc. Completes Acquisition of KCG Holdings, Inc". ir.virtu.com. Retrieved 2018-03-19.

External links

  • Sign up for an account : www.kcgbtc.com [1]

Category:Companies based in London, United Kingdom

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