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Friday, January 16, 2015

Deals of the day- Mergers and acquisitions, (NYSE: KCG)

The following bids, mergers, acquisitions and disposals were reported by 2115 GMT on Friday:** Exchange operator BATS Global Markets is in discussions to purchase institutional foreign exchange trading platform Hotspot from KCG Holdings Inc for nearly $400 million, three sources familiar with the situation said.

KCG Holdings, Inc., is an independent securities firm. Shares of KCG traded higher by 4.24% or $0.49/share to $12.04. In the past year, the shares have traded as low as $9.48 and as high as $12.55. On average, 313152 shares of KCG exchange hands on a given day and today's volume is recorded at 1432340.