Deals
Virtu Is Said to Explore Sale of Fixed Income Unit BondPoint
- BondPoint is said to draw ICE, Tradeweb, MarketAxess interest
- Virtu acquired BondPoint in $1.4 billion purchase of KCG
Virtu Is Said to Explore Sale of Fixed Income Unit BondPoint
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Virtu Financial Inc. is exploring a sale of debt-trading services provider BondPoint, according to people familiar with the matter, as the high-speed trading firm exits certain businesses linked to its takeover of rival KCG Holdings Inc.
The New York-based firm is working with Jefferies Group to seek buyers for BondPoint, which could fetch about $300 million in a sale, said the people, who asked not to be identified because the matter isn’t public.