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Jefferies Pares Stake in Market-Maker KCG as Rescue Reaps Profit

Jefferies Group reduced its stake in market-maker KCG Holdings Inc. as the investment bank disposed of 6.53 million shares in the firm it helped rescue in 2012.

The shares were sold at $14 apiece, according to a regulatory filing Wednesday. KCG rose 0.3 percent to close at $13.48 in New York and has climbed 16 percent this year.