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Virtu Financial, an American high-speed electronic trading company, agrees to acquire KCG Holdings, its rival, for $1.4 billion. Virtu Financial specializes in financial services, trading products, and market making, utilizing proprietary technology to trade securities on various exchanges. KCG Holdings engages in market making, high-frequency trading, and electronic execution. This acquisition strengthens Virtu Financial's position in the industry and expands its offerings in execution, liquidity sourcing, and broker-neutral platforms.
Wednesday, 19 April, 2017