Virtu Financial’s Takeover of KCG Holdings Is Imminent
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Virtu Financial’s Takeover of KCG Holdings Is Imminent
A major chapter in the fascinating saga of high-frequency trading (HFT) firms is just about to end. The success of Virtu Financial’s unsolicited bid to buy all of the outstanding shares of KCG Holdings, Inc. (NYSE: KCG) will be announced today, according to the FT.
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Low volatility is considered to be the main force pushing for consolidation in the HFT sector. Once Virtu Financial’s takeover of KCG will be fully complete it is expected much of its current employees in the field will be let go. Furthermore, the ... (read more)
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