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KCG Holdings, Inc. today announced the completion of the previously announced merger whereby Knight Capital Group, Inc. (NYSE: KCG) ("Knight") and GETCO Holding Company, LLC ("GETCO") have been combined as part of KCG Holdings, Inc., a new publicly traded holding company. The merger, which was announced on December 19, 2012, was approved by the respective stockholders and unitholders of both companies at special meetings held June 25, 2013.
"We're pleased to announce the completion of a merger that brings together the exceptional talent of each business to create a leading global securities firm. KCG will connect investors and markets worldwide through agency execution, market making, and the operation of multi-asset class trading venues," said Daniel Coleman, Chief Executive Officer, KCG. "As one KCG, our focus is on strategically blending human capital with superior technology to create flexible solutions that meet our clients' evolving needs."
Knight's and GETCO's legacy operations and offerings will be combined with limited changes to current products and services expected in the near term. KCG will formally launch operations under its new corporate identity on July 2, 2013, with a new website and brand, as well as a combined NYSE Designated Market Maker unit.
