EXCLUSIVE: KCG to Exit Corporate Access Business

KCG, a unit of KCG Holdings, is exiting the corporate access business.

In an email sent to clients obtained by Traders, the firm tells its clients that it is closing down the corporate access unit effective August 1.The email and its contents were confirmed by a KCG sokesperson.

“We regret to inform you that KCG Holdings will be exiting the Corporate Access business effective August 1st,” the email said. “As such, the Midwest Industrials Conference on August 20th is being postponed until we find a new platform. Please accept our sincerest apologies for any inconvenience this may have caused your scheduling. We will be sending out a wider note as well informing of the group shutdown, and apologize for any dupes. We wanted you to be first to know to adjust travel schedules accordingly.”

Furthermore, the email tells readers that KCG’s team will be looking for a new home that supports its issuer-centric approach to corporate access and ask readers to assist it in finding the team a new home.

“Please do let us know should you be aware of any firms where our services could be of value,’ the note said.

The email was signed, “KCG Corporate Access.”