KCG Holdings
KCG Holdings, Inc. was an American global financial services firm engaging in market making, high-frequency trading, electronic execution, and institutional sales and trading. The company was formed on July 1, 2013, upon the completion of the merger between Knight Capital Group, Inc. and GETCO Holding Company, LLC. 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
| Company type | Subsidiary |
|---|---|
Traded as | NYSE: KCG |
| Industry | Financial services |
| Founded | 2013 from merger of Knight Capital Group and Getco LLC |
| Headquarters | New York City, New York, United States |
Key people | Daniel Coleman, Chief Executive Officer |
| Products | Market making and trading |
| Revenue | US$ 1.45 billion (2016) |
Net income | US$ 61.1 million (2014) |
| Total assets | US$ 6.830 billion (2014) |
| Total equity | US$ 1.522 billion (2014) |
Number of employees | 1,093 (2014) |
| Parent | Virtu Financial |
| Subsidiaries | NetDelta LLC |
| Website | www.kcg.com |
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.
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