Independent Securities firm KCG Holdings, Inc. has announced that former Instinet Co-CEO Anthony L. Abenante has joined the company as a Senior Advisor to the firm’s Global Execution Services business, according to a KCG statement.
Mr. Abenante represents a valuable addition to KCG, specifically as he comes highly qualified with many years of experience – in particular, his primary function will be the strategic counsel on the implementation and expansion of KCG’s institutional equities business, algorithmic trading capabilities and trading offerings. KCG provides a variety of algorithmic and trading services across a plethora of asset classes, whose FX offering was instrumental in its recently reported January metrics.
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According to Greg Tusar, Head of Global Execution Services for KCG, in a statement on the appointment, “KCG is committed to being a leading provider of execution services to institutions, and Anthony will help us build upon the momentum we’ve gained over the last year. With product integration and product development well underway, it is a perfect time for us to tap into Anthony’s experience and expertise on the unique needs of our institutional client base.”
KCG’s deployment of its expert advisors will essentially allow the company to maintain a connection with the rest of the industry itself, including its most senior and respected leaders. The firm also has an established corporate-level advisory relationship with the Hon. Arthur Levitt, Jr., formerly of the U.S. Securities and Exchange Commission – indeed, KCG has an abundance of human capital at its disposal.
Regarding his joining of the company Mr. Abenante noted that, “KCG has a compelling set of assets to be leveraged by the institutional investment community, supported by a highly client service-oriented team. When combined with the scale and market insights of the firm, KCG’s platform will be extremely beneficial to a wide spectrum of asset managers and traders. I am greatly looking forward to being of assistance as the company’s tremendous liquidity and technology capabilities further evolve.”