On Aug. 6 several broker-dealers entered into a Securities Purchase Agreement, exchanging $400 million for 400,000 shares of Knight convertible-preferred stock. Shares of KCG are for the patient Knight’s class A shares are 76% lower …
Knight Capital Group (NYSE: KCG) may have just been the latest firm to create trading ... of this sort comes about it often takes some investors and traders out of the stock market permanently. The good news is that stocks are back in …
(Reuters) - Virtu Financial Inc said it would buy rival KCG Holdings Inc in a $1.4 billion deal that brings ... The deal will be financed through stock sale worth $750 million to private equity firm North Island and Temasek and borrowings of $1.65 …
KCG ... the stock market, briefly causing chaos on Wall Street and renewing calls for tougher restrictions on high-speed trading. Knight had to secure a $400-million lifeline from private-equity firms and other brokerages just to stay alive. …
As Business Insider previously reported, t he speed and success of Virtu's integration of KCG has caught Wall Street off guard. After the company reported results for the first time since the purchase closed, the stock soared more than 18% …
KCG Holdings, a high-frequency trading specialist, claimed in a lawsuit filed this month in a southern NY district court that Hibernia Networks is trying to cut off its access to a vital transatlantic cable. That's because, we're told, KCG's new …
Let the bidding games for Knight Capital (KCG) begin. The struggling trading firm received its ... The news sent shares of Knight surging Wednesday, with the stock briefly touching the $3.50 mark. Under the proposed terms, Getco Chief …
Knight Capital Group (NYSE: KCG) received bidding offers from two market makers ... war by placing an offer to purchase Knight for about $1 billion in cash and stock, about $3.50 a share. Since Getco and Virtu both operate …
Virtu, which announced in April that it would buy rival KCG, bringing together two of the largest U.S. electronic trading and market-making firms, declined to comment. Tusar was eligible for $6.9 million in cash and stock upon termination of his …