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>   
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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.<ref>{{cite web|url=https://www.kcg.com/about/history|name=KCG History|org=KCG|date=June 30, 2014}}</ref>  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>   
  
 
Jefferies Group LLC owns a 20 percent stake in KCG, after it boosted its original stake by purchasing an additional 6 million shares in March 2014.  Jefferies was one of several firms that helped rescue the former Knight Capital Group in 2012 after a technology problem caused it to lose $440 million in one day of trading.  Jefferies acquired the shares for $11 each, bringing its total holding to 22.5 million shares.  
 
Jefferies Group LLC owns a 20 percent stake in KCG, after it boosted its original stake by purchasing an additional 6 million shares in March 2014.  Jefferies was one of several firms that helped rescue the former Knight Capital Group in 2012 after a technology problem caused it to lose $440 million in one day of trading.  Jefferies acquired the shares for $11 each, bringing its total holding to 22.5 million shares.  

Revision as of 12:18, 30 June 2014

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KCG Holdings Inc.
Headquarters Jersey City, New Jersey
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.[1] 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.[2]

Jefferies Group LLC owns a 20 percent stake in KCG, after it boosted its original stake by purchasing an additional 6 million shares in March 2014. Jefferies was one of several firms that helped rescue the former Knight Capital Group in 2012 after a technology problem caused it to lose $440 million in one day of trading. Jefferies acquired the shares for $11 each, bringing its total holding to 22.5 million shares.

History

See Knight Capital Group

Products and Services

Key People

References

  1. KCG History. KCG.
  2. Getco goes away. Crain's Chicago.