Knight Capital Group (KCG) Holdings has completed its acquisition of Swedish agency broker Neonet Securities.
Neonet, which provides a range of algorithmic trading and smart order routing (SOR) solutions for European equities, will continue to operate from its Stockholm base under the leadership of CEO Tim Wildenberg and the new name, KCG Neonet.
"This is an exciting new chapter for Neonet's business and one that will meaningfully and quickly benefit every one of our clients," said Wildenberg, in a statement. "By putting Neonet and KCG together, we will be able to offer a broader set of global offerings and execution solutions, backed by a deeper range of expertise and skillsets from both firms."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails