Knight Trading Group Newswire

Comprehensive Real-Time News Feed for Knight Trading Group.

Results 1 - 20 of 64 in Knight Trading Group

  1. KCG Completes Sale of KCG HotspotRead the original story

    Friday Mar 13 | PR-inside.com

    KCG COMPLETES SALE OF KCG HOTSPOT JERSEY CITY, New Jersey - March 13, 2015 - KCG Holdings, Inc. today announced the completion of the sale of spot FX trading venue KCG Hotspot to BATS Global Markets. At the close, based on the $365 million purchase price, KCG received cash proceeds representing approximately $225 million on an after-tax basis.

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  2. KCG Releases February 2015 Trade VolumesRead the original story

    Friday Mar 13 | PR-inside.com

    KCG RELEASES FEBRUARY 2015 TRADE VOLUMES JERSEY CITY, N.J. - March 13, 2015 - KCG Holdings, Inc. today released trade volumes for the month of February 2015. In Market Making, KCG averaged $30.8 billion dollar volume traded, 5.0 billion shares traded, and 4.0 million trades per day in U.S. equities.

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  3. KCG Announces Pricing of Private Offering of $500 Million of 6.875% Senior Secured Notes Due 2020Read the original story

    Wednesday Mar 11 | PR-inside.com

    KCG ANNOUNCES PRICING OF PRIVATE OFFERING OF $500 MILLION OF 6.875% SENIOR SECURED NOTES DUE 2020 JERSEY CITY, New Jersey - March 11, 2015 - KCG Holdings, Inc. today announced that on March 10, 2015, it priced a private offering of $500 million principal amount of 6.875% senior secured notes due 2020 . KCG intends to use the net proceeds from the offering to repay KCG's maturing convertible notes and redeem KCG's existing senior secured notes as well as for general corporate purposes, which may include share and warrant repurchases.

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  4. KCG's Market-Making Unit Head ResignsRead the original story w/Photo

    Monday Mar 2 | Wall Street Journal

    George Sohos, the longtime head of KCG Holdings Inc.'s profitable market-making division, has resigned from the company effective immediately, the company said. Mr. Sohos's departure comes several months after another senior executive left KCG, which was formed when Knight Capital Group Inc. merged with Chicago-based high-frequency trading company Getco LLC in 2013.

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  5. KCG Announces Expected Capital Markets Debt TransactionRead the original story

    Friday Feb 27 | PR-inside.com

    KCG ANNOUNCES EXPECTED CAPITAL MARKETS DEBT TRANSACTION JERSEY CITY, New Jersey - February 27, 2015 - KCG Holdings, Inc. today announced that it expects to launch a capital markets debt transaction in the next week, subject to market conditions. The net proceeds from any offering would be used to repay KCG's maturing convertible notes and redeem KCG's existing senior secured notes as well as for general corporate purposes, which may include share repurchases.

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  6. KCG to Launch New Risk Arbitrage GroupRead the original story

    Tuesday Feb 24 | PR-inside.com

    February 24, 2015 - KCG Holdings, Inc. today announced the launch of its risk arbitrage group, a new offering specifically dedicated to providing clients with insight into complex and special situations through expert regulatory and event arbitrage-related analysis. Greg Tusar, Co-Head of KCG's Global Execution Services and Platforms commented: "Whether it's executing a trade, tailoring an algorithmic strategy or evaluating execution quality venue by venue, our clients look to us for market expertise and smart solutions.

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  7. Stifel in Negotiations to Acquire Rival Brokerage Sterne AgeeRead the original story

    Feb 20, 2015 | Bloomberg

    Stifel Financial Corp. is in discussions to acquire Sterne Agee Group Inc., combining two of the biggest U.S. brokerages outside of New York, according to a person with direct knowledge of the matter. Stifel Chief Executive Officer Ron Kruszewski has snapped up firms including KBW Inc. and Thomas Weisel Partners Group Inc. in the wake of the financial crisis, as shrinking margins and the challenges of adapting to new technology and regulations push brokerages to merge or shutter.

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  8. Stifel in talks to acquire Sterne AgeeRead the original story w/Photo

    Feb 20, 2015 | InvestmentNews

    Stifel Financial Corp. is in discussions to acquire Sterne Agee Group Inc., combining two of the biggest U.S. brokerages outside of New York, according to a person with direct knowledge of the matter. Stifel Chief Executive Officer Ron Kruszewski has snapped up firms including KBW Inc. and Thomas Weisel Partners Group Inc. in the wake of the financial crisis, as shrinking margins and the challenges of adapting to new technology and regulations push brokerages to merge or shutter.

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  9. Steven Bisgay Joins Cantor Fitzgerald, L.P. as Chief Financial OfficerRead the original story

    Feb 20, 2015 | Sys-Con Media

    Mr. Lutnick said, "Steve brings to Cantor a unique blend of extremely valuable skills and experience both as a world-class CFO in the financial markets, and as a highly-accomplished corporate strategist. We look forward to having Steve as a key member of the executive leadership team and leveraging his financial expertise as we expand our businesses and markets."

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  10. KCG Releases January 2015 Trade VolumesRead the original story

    Feb 13, 2015 | PR-inside.com

    KCG RELEASES JANUARY 2015 TRADE VOLUMES JERSEY CITY, N.J. - February 13, 2015 - KCG Holdings, Inc. today released trade volumes for the month of January 2015. In Market Making, KCG averaged $32.6 billion dollar volume traded, 5.0. billion shares traded, and 4.1 million trades per day in U.S. equities.

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  11. Geodesic Networks, LLC, a Subsidiary of KCG Holdings, Inc., Forms...Read the original story

    Feb 12, 2015 | PR-inside.com

    February 12, 2015 - KCG Holdings, Inc. announced today that its subsidiary, Geodesic Networks, LLC, and World Class Wireless, LLC have created a joint venture, New Line Networks LLC. New Line Networks will explore opportunities to leverage infrastructure investment, including re-selling network bandwidth to industry participants and third party vendors. Through this venture, New Line Networks will bring together complementary network and communication infrastructure while simultaneously providing additional data transmission bandwidth to the marketplace.

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  12. KCG Bondpoint Expands Institutional OfferingRead the original story

    Feb 5, 2015 | PR-inside.com

    KCG BONDPOINT EXPANDS INSTITUTIONAL OFFERING Connectivity with Charles River Broadens Access for More Institutional Clients JERSEY CITY, N.J. - February 5, 2015 KCG Holdings, Inc. today announced that KCG BondPoint, a centralized and automated fixed income trading venue, is expanding its access to Institutional Buy Side clients through integration with Charles River Development's Investment Management Solution . Bill Vulpis, Head of KCG BondPoint, offered, "Institutional clients are seeking new and innovative trading solutions to help them source fixed income liquidity without adding complicated new work flows.

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  13. Speed Trading Pioneers Take Step Toward Paring Their KCG StakesRead the original story

    Feb 3, 2015 | Bloomberg

    The founders of high-frequency trading pioneer Getco took a step toward selling almost 6 million shares of KCG Holdings Inc., the broker-dealer formed when their company saved a struggling brokerage. Trusts and an investment firm tied to Daniel Tierney and Stephen Schuler set up programs letting the former Getco executives sell 3 million and 2.75 million KCG shares, respectively, during the next year.

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  14. KCG Holdings Swings to ProfitRead the original story w/Photo

    Jan 30, 2015 | Wall Street Journal

    KCG Holdings Inc. swung to a profit in the fourth quarter, as market volatility spurred trading volume, especially in equities. KCG was formed when Knight Capital Group Inc. merged with GETCO Holding Co.

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  15. KCG swings to profit as trading volume risesRead the original story w/Photo

    Jan 30, 2015 | MarketWatch

    KCG Holdings Inc. swung to a profit in the fourth quarter, as market volatility spurred trading volume, especially in equities. KCG was formed when Knight Capital Group Inc. merged with GETCO Holding Co.

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  16. 's M&A Chatter for Wednesday January 28, 2015Read the original story w/Photo

    Jan 28, 2015 | Benzinga

    The Deal : TE Connectivity Ltd. announced Wednesday, it has agreed to sell its Broadband Network Solutions business unit to CommScope for $3.0 billion. The Wall Street Journal reported on Monday that the two companies were close to a deal.

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  17. BATS Global signs $365M deal to buy spot foreign exchange firmRead the original story w/Photo

    Jan 28, 2015 | Business Journal

    BATS Global Markets soon will be a player in the foreign exchange market, after signing an agreement to acquire Hotspot FX for $365 million in cash. The foreign exchange market is huge business, with turnover around the world worth an estimated $5.3 trillion in 2013.

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  18. KCG Announces Sale of KCG Hotspot to Bats Global MarketsRead the original story

    Jan 28, 2015 | PR-inside.com

    KCG ANNOUNCES SALE OF KCG HOTSPOT TO BATS GLOBAL MARKETS Transaction is expected to increase KCG's tangible book value by approximately $2.00 per share JERSEY CITY, New Jersey - January 28, 2015 - KCG Holdings, Inc. today announced it has entered into a definitive agreement to sell KCG's spot FX trading venue, KCG Hotspot, to BATS Global Markets. The transaction is expected to be completed in the second quarter of 2015.

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  19. FXCM Reports An Account Loss Of 3%, Leucadia Tightens Its Grip On The CompanyRead the original story w/Photo

    Jan 25, 2015 | Seeking Alpha

    FXCM reported a loss of 3% of its tradeable accounts while trading on its platform remains quite robust since the Swiss franc shock. Additional disclosures in the latest 8K provide language that improves the attractiveness of FXCM's rescue deal for lender Leucadia.

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  20. Holiday Bell: 1.19.15Read the original story w/Photo

    Jan 20, 2015 | Dealbreaker

    Fed Officials on Track to Raise Short-Term Rates Later in the Year Federal Reserve officials are staying on track to start raising short-term interest rates later this year, even though long-term rates are going in the other direction amid new investor worries about weak global growth, falling oil prices and slowing consumer price inflation. The Fed's stance, as it prepares for a policy meeting later this month, is striking because European Central Bank officials are poised to take the opposite approach later this week.

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