Virtu offers to buy rival KCG for $1.3 billion in planned merger of rival market makers LeapRate

March 15, 2017 BY LeapRate Staff

Virtu offers to buy rival KCG for $1.3 billion in planned merger of rival market makers

KCG Holdings, Inc. (NYSE: KCG), a leading independent securities firm offering investors a range of services designed to address trading needs across asset classes, product types and time zones, today confirmed that it has received an unsolicited proposal from Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all the outstanding shares of KCG's common stock for $18.50-$20.00…

Virtu sees Q1 Trading Revenues up 40%, led by 103% rise in Currencies

With an adjusted EBITDA margin of 70.5% for the first quarter, Virtu Financial's CEO Douglas Cifu said "We benefited from our diversity and were able to realize $148.4 million in Adjusted Net Trading Income due to increased volumes and volatility across our business, with particularly strong performance in Global Commodities and Global Currencies."

Tag: virtu financial

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