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
5-506: KCG may refer to: KCG Holdings , an American market-making and electronic trading firm Knight Capital Group , predecessor firm to KCG Holdings traded as KCG Republic of Korea Coast Guard , the coast guard of South Korea Kyoto Computer Gakuin , Japan's first private computer educational institution Chignik Fisheries Airport , with IATA code KCG Kaohsiung City Government , government of Kaohsiung City The ISO 693-3 code for
10-405: 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. 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. On July 8, 2013, chief executive officer Daniel Coleman rang
15-469: Is different from Wikidata All article disambiguation pages All disambiguation pages KCG Holdings 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. Getco LLC was founded in 1999 by Stephen Schuler and Daniel Tierney, former floor traders in Chicago, and had 400 employees at
20-493: The Tyap language Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title KCG . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=KCG&oldid=1094344569 " Category : Disambiguation pages Hidden categories: Short description
25-617: The time of the merger. The firm's primary business was electronic market making / high-frequency trading , though it also provided execution algorithms and a dark pool through its client services arm, Getco Execution Services. Knight Capital Group was founded in 1995 as Knight/Trimark Group and had about 1400 employees at the time of the merger. Its largest business was market-making in US equities for retail brokerages , though it also provided other services such as electronic execution, dark pools , plus institutional sales and trading. In August 2012,
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