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."
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails