GETCO and Knight Capital Complete Merger – Rebranded as KCG

Following yesterday’s announcement that GETCO and Knight Capital Group have completed their merger, the firm has rebranded to KCG Holdings and unveiled their new website today. The new brand uses the Knight Capital, KCG stock symbol, while retaining GETCO’s logo. The rebranding has been applied across KCG units, with the firms OTC FX ECN, Hotspot FX, also taking on the new look.

Commenting on the completion, Daniel Coleman, Chief Executive Officer of KCG stated “We're pleased to announce the completion of a merger that brings together the exceptional talent of each business to create a leading global securities firm. KCG will connect investors and markets worldwide through agency Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, market making, and the operation of Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term class trading venues." He added "as one KCG, our focus is on strategically blending human capital with superior technology to create flexible solutions that meet our clients' evolving needs."

The rebranding completes a long ride for Knight which has become vulnerable to a buyout following a trading glitch last August that cost the firm $400 million. Following that episode, the company received financing from a multiple group of entities, which included GETCO. The current merger is the result of a bidding war between GETCO and Virtu LLC, for Knight which culminated in GETCO’s favor back in December of last year.