KCG Buys Swedish Broker Neonet to Expand its Europe Business

Updated on
  • Takeover of the execution specialist may complete this year
  • KCG didn’t disclose price of the the Neonet acquisition

Algorithmic trading firm and brokerage KCG Holdings Inc. is buying 20-year-old stockbroker Neonet Securities AB as the U.S. company seeks to expand its presence in Europe.

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