What is KCG holding?
KCG Holdings was formerly a prominent independent financial services firm that focused on market making, high-frequency trading, and electronic execution services. The entity was created through the 2013 merger of Knight Capital Group and GETCO, aiming to combine Knight's market-making capabilities with GETCO's technology-driven electronic trading expertise. In 2017, the company was acquired by Virtu Financial in a deal valued at approximately $1.4 billion. As a result of this acquisition, KCG Holdings ceased to exist as an independent entity, and its operations were fully integrated into Virtu Financial's platform. The merger was a significant milestone in the evolution of the market-making industry, as it consolidated two of the largest high-frequency trading firms into a singular, highly efficient global entity.
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