Difference between revisions of "KCG Holdings Inc. (KCG)"

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KCG Holdings Inc. (KCG) is the name given to the former [[Knight Capital Group]] after it was acquired by [[GETCO]] in the summer of 2013 for $1.4 billion. KCG is the merged entity. The company offers trade execution to broker-dealers and institutional investors across all capital markets. It also owns a majority stake in hedge fund manager Deephaven Holdings.<ref>{{cite web|url=http://www.chicagobusiness.com/article/20130702/NEWS01/130709944/getco-goes-away|name=Getco goes away|org=Crain's Chicago|date=July 3, 2013}}</ref>   
 
KCG Holdings Inc. (KCG) is the name given to the former [[Knight Capital Group]] after it was acquired by [[GETCO]] in the summer of 2013 for $1.4 billion. KCG is the merged entity. The company offers trade execution to broker-dealers and institutional investors across all capital markets. It also owns a majority stake in hedge fund manager Deephaven Holdings.<ref>{{cite web|url=http://www.chicagobusiness.com/article/20130702/NEWS01/130709944/getco-goes-away|name=Getco goes away|org=Crain's Chicago|date=July 3, 2013}}</ref>   
  
In June 2013, right before the GETCO acquisition, Knight Capital acquired the futures division of Penson Financial Services, a subsidiary of [[Penson Worldwide, Inc.]], and renamed it KCG Futures. Through this acquisition, Knight also assumed Penson's seats and memberships at exchanges including: [[CBOT]], [[KCBOT]], [[NYSE Euronext]] and [[Eurex]].<ref>{{cite web|url=http://www.futuresmag.com/2012/05/29/knight-capital-group-to-buy-penson-futures|name=Knight Capital Group to buy Penson Futures|org=Press release via Futures Magazine|date=March 5, 2014}}</ref>
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In June 2013, KCG acquired the futures division of Penson Financial Services, a subsidiary of [[Penson Worldwide, Inc.]], and renamed it KCG Futures. Through this acquisition, Knight also assumed Penson's seats and memberships at exchanges including: [[CBOT]], [[KCBOT]], [[NYSE Euronext]] and [[Eurex]].<ref>{{cite web|url=http://www.futuresmag.com/2012/05/29/knight-capital-group-to-buy-penson-futures|name=Knight Capital Group to buy Penson Futures|org=Press release via Futures Magazine|date=March 5, 2014}}</ref>
  
 
== History ==
 
== History ==

Revision as of 16:39, 5 March 2014

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KCG Holdings Inc.
Products Trade execution

KCG Holdings Inc. (KCG) is the name given to the former Knight Capital Group after it was acquired by GETCO in the summer of 2013 for $1.4 billion. KCG is the merged entity. The company offers trade execution to broker-dealers and institutional investors across all capital markets. It also owns a majority stake in hedge fund manager Deephaven Holdings.[1]

In June 2013, KCG acquired the futures division of Penson Financial Services, a subsidiary of Penson Worldwide, Inc., and renamed it KCG Futures. Through this acquisition, Knight also assumed Penson's seats and memberships at exchanges including: CBOT, KCBOT, NYSE Euronext and Eurex.[2]

History

Products and Services

Key People

References

  1. Getco goes away. Crain's Chicago.
  2. Knight Capital Group to buy Penson Futures. Press release via Futures Magazine.