KCG Completes Acquisition of Neonet Securities, Launching KCG Neonet
Posted: Wed Sep 14, 2016 9:23 am
KCG Holdings, Inc. (NYSE: KCG) has completed the acquisition of Neonet Securities, Swedish independent agency broker and execution specialist, following its earlier bid to acquire the group back in July 2016, according to a KCG statement.
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Neonet is a provider of advanced algorithmic trading, smart order routing, and sales trading primarily across the European equities space. The impetus behind the acquisition by KCG has been to help enable clients from the group as well as Neonet support greater access to a more complete composite ... (read more)