On the Record · Virtu KCG Holdings
Virtu KCG Holdings acquisitions, on the record
The businesses Virtu KCG Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Knight Capital Group, Inc.Word for word“The Mergers were approved by the respective stockholders and unitholders of both companies at special meetings held on June 25, 2013, and the Mergers were completed on July 1, 2013.” 10-K for 2014 | merger | July 1, 2013 | — |
Urban Financial of America, LLCWord for word“In November 2013, we sold Urban Financial of America, LLC (“Urban”), the reverse mortgage origination and securitization business that was previously owned by Knight, to an investor group.” 10-K for 2014 | divestiture | November 2013 | — |
FCM business (certain assets and liabilities sold to Wedbush Securities Inc.)Word for word“In November 2014, we sold certain assets and liabilities related to our FCM business to Wedbush Securities Inc.” 10-K for 2014 | divestiture | November 2014 | — |
KCG Hotspot businessWord for word“Additionally, in 2014, we sought, and in January 2015, agreed to sell the KCG Hotspot business, whose results are included within this segment for all applicable periods.” 10-K for 2014 | agreed divestiture | January 2015 | — |
GETCO Holding Company, LLCWord for word“(“Knight”), through a series of transactions (the "Mergers"), merged with GETCO Holding Company, LLC (“GETCO”) to form KCG.” 10-K for 2015 | merger | — | — |
Futures Commission Merchant (FCM) businessWord for word“As previously noted, in November 2014, we sold our FCM business, which was part of this segment and whose results, through the date of sale, are included within this segment.” 10-K for 2015 | divestiture | November 2014 | — |
Neonet Securities ABWord for word“In September 2016, we completed the acquisition of Neonet Securities AB ("Neonet").” 10-K for 2016 | acquisition | September 2016 | — |
Futures Commission Merchant ("FCM ") business, to Wedbush Securities Inc.Word for word“In November 2014, we sold certain assets and liabilities related to our Futures Commission Merchant ("FCM ") business to Wedbush Securities Inc.” 10-K for 2016 | divestiture | November 2014 | — |
retail U.S. options market making businessWord for word“In March 2016, we completed the sale of assets related to our retail U.S. options market making business.” 10-K for 2016 | divestiture | March 2016 | — |
DMM business (sold to Citadel Securities LLC)Word for word“In May 2016, we completed the sale of our DMM business to Citadel.” 10-K for 2016 | divestiture | May 2016 | — |
KCG Hotspot (sold to Bats)Word for word“In March 2015, we sold KCG Hotspot, our institutional spot foreign exchange ECN, to Bats.” 10-K for 2016 | divestiture | March 2015 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses |
|---|---|---|
| 2016-12-31 | $2.3 million | $6.6 million |
Deal filings since 2016
- 2017-07-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-06-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Virtu KCG Holdings’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.