Commentary

Themis Trading
Traders Magazine Online News

Ain't Gonna Be No Bitcoin ETF

In this reposted bog from Themis Trading, the authors write that sometimes investors need to be protected from themselves - starting with the Bitcoin ETF.

Traders Poll

Would you like to see more stories about Cannabis and trading?





Free Site Registration

February 3, 2014

KCG Consolidates

By John D'Antona Jr.

KCG Holdings Inc. has announced the consolidation and renaming of its U.S. broker-dealer operations into a single entity: KCG Americas LLC.

KCG was formerly Knight Capital Americas LLC and GETCO LLC. The two firms merged to create KCG Holdings last year after a 2012 trading glitch led to Knight Capital's collapse.

The name change and consolidation reflect a simplification of KCG's post-merger, broker-dealer subsidiary structure. Further, the consolidation generates cost synergies and releases additional capital, the firm said in a release.

In order to create KCG Americas LLC, first the brokerage operations of Getco Execution Services LLC and Getco Securities LLC were consolidated into Knight Capital Americas LLC. Octeg, LLC, Getco's equities market-making unit, was then merged into KCA, which was subsequently renamed KCG Americas LLC, effective Dec. 31, 2013, after the market close.

 

(c) 2014 Traders Magazine and SourceMedia, Inc. All Rights Reserved. 
http://www.tradersmagazine.com http://www.sourcemedia.com/