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Virtu Financial inks $1.4bn deal for KCG Holdings

All-cash deal agreed to combine two high-frequency trading firms

Virtu Financial inks $1.4bn deal for KCG Holdings

High-speed trading firm Virtu Financial has reached a deal to acquire rival KCG Holding for $1.4 billion in cash, The Wall Street Journal reports.

The tie-up that will create an electronic trading giant responsible for around one-fifth of volume in US equities.

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