All-cash deal agreed to combine two high-frequency trading firms

Reporter

High-speed trading firm Virtu Financial has reached a deal to acquire rival KCG Holding for $1.4 billion in cash, 

The tie-up that will create an electronic trading giant responsible for around one-fifth of volume in US equities.

Virtu Financial inks $1.4bn deal for KCG Holdings

Virtu Financial  $1.4bn deal for KCG Holdings

Alexander Osipovich

KCG Holdings

Virtu Financial

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