KCG Holdings has entered into a definitive agreement to sell certain assets and liabilities related to the Futures Commission Merchant (KCG Futures) business to Wedbush Securities.

Terms of the transaction were not disclosed. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to be completed by year end.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

A division of KCG Americas LLC, KCG Futures provides futures execution, clearing and custody services.

KCG Futures facilitates futures and commodities transactions among brokers, institutions, market professionals and non-clearing FCMs on major U.S. and international futures and options exchanges as well as FX clearing.

It is anticipated the existing KCG staff, comprised of approximately 45 professionals in the U.S., will continue in their current roles and client contacts will remain the same.

"KCG Futures is a leading independent futures broker and has maintained a solid reputation for high-quality client service," said Daniel Coleman of KCG. "This transaction is a positive development for everyone involved. KCG Futures will join the Wedbush team, where it can further position itself as a leader in the marketplace, allowing Wedbush to expand its futures clearing and execution services. The transaction not only reduces and simplifies KCG’s balance sheet, it also allows us to focus additional resources and energy on our primary businesses of market making, agency execution and trading venues."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Following the transaction close, KCG will continue to engage in futures market making.

KCG was advised on the transaction by Sullivan & Cromwell.