Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Jefferies Increase Stake in Market Market KCG to 20%

Jefferies Group LLC boosted its stake in KCG Holdings Inc. to 20 percent as the investment bank purchased an additional 6 million shares in the market maker it helped rescue in 2012.

Jefferies, a unit of Leucadia National Corp., acquired the shares for $11 each, bringing its total holding to 22.5 million shares, according to a regulatory filing today. Jersey City, New Jersey-based KCG was formed last year when Getco LLC merged with Knight Capital Group Inc.

Knight was on the brink of bankruptcy from trading losses when it received $400 million through the sale of convertible shares in a deal arranged by New York-based Jefferies. Knight’s computers had flooded the market with unintended trades, sending dozens of stocks into spasms.

KCG rose 4.9 percent to $12.37 at 12:40 p.m. in New York. The shares have climbed 18 percent since Knight’s merger with Chicago-based Getco, a high-frequency trading firm. Jefferies held a 14 percent stake in KCG as of November 25, according to filings at the time.

Spokesmen for the two companies didn’t immediately respond to requests for comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.