KCG Finalizes Acquisition of Neonet

Agency broker to be renamed KCG Neonet and continue under current CEO Tim Wildenberg.

Stockholm-based Neonet Securities is active in 20 European equities markets.

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.

The acquisition, first announced in July this year, will broaden KCG's European footprint and execution services portfolio.

"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."

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