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EX-99.2 - EX-99.2 - Virtu KCG Holdings LLCd639183dex992.htm
8-K - FORM 8-K - Virtu KCG Holdings LLCd639183d8k.htm

Exhibit 99.1

 

     

KCG Holdings, Inc.

545 Washington Boulevard

Jersey City, New Jersey 07310

1 201 222 9400 tel

1 800 544 7508 toll free

 

www.kcg.com

 

LOGO

KCG COMPLETES SALE OF URBAN FINANCIAL OF AMERICA

Divestiture further refocuses KCG on core market making and trading services

JERSEY CITY, N.J. – December 2, 2013 – KCG Holdings, Inc. (NYSE: KCG) today announced the completion of the sale of Urban Financial of America, LLC (formerly Urban Financial Group, Inc.), effective November 30, 2013, to an investor group for approximately $80 million in total proceeds, representing a combination of cash consideration and retained net assets.

The completion of the sale represents another event in a series of sales, restructurings and closures to refocus KCG on core market making and trading services. As a result of the transaction, roughly $6.1 billion of assets and corresponding liabilities related to Urban’s securitization activities will be removed from KCG’s balance sheet.

About KCG

KCG is a leading independent securities firm offering investors a range of services designed to address trading needs across asset classes, product types and time zones. The firm combines advanced technology with exceptional client service across market making, agency execution and venues. KCG has multiple access points to trade global equities, fixed income, currencies and commodities via voice or automated execution. www.kcg.com

CONTACTS

 

Sophie Sohn    Jonathan Mairs
Communications & Marketing    Investor Relations
312-931-2299    201-356-1529
media@kcg.com    jmairs@kcg.com