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KCG Holdings, Inc.
announced today the launch of KCG Acknowledge, a direct-to-client market
making relationship that combines the benefits of advanced technology
with the accountability and transparency of a direct, ongoing
relationship with a responsible trading partner. KCG also announced that
it will publish on its website Acknowledge execution protocols and FAQs
for all asset classes. KCG is the first single-broker liquidity provider
to deliver this added level of transparency.
KCG Acknowledge brings KCG's bilateral direct-to-client market making
businesses in Equities, U.S. Treasuries and Foreign Exchange under a
single umbrella. KCG Acknowledge enables clients to tap into unique
liquidity that is often hard to find in today's fragmented market. As a
counterparty to every trade, Acknowledge provides accountability and
transparency for our pricing and execution quality - trade after trade.
Greg Tusar, Head of Global Execution Services said, "In today's
high-speed electronic trading environment, accountability and
transparency have become more important than ever - that is the vision
behind KCG Acknowledge. With Acknowledge, we have a direct, one-to-one,
ongoing relationship with our clients that enables us to not only ensure
they are satisfied with pricing and execution quality every time, but
also allows us to connect with them on a deeper level by understanding
their unique objectives and workflows - which can make a real difference
in long-term trading performance."
Doug Borden, Co-Head of Equities Client Market Making, added, "As market
complexity has increased and options for trading have multiplied,
liquidity can be increasingly difficult to source. Acknowledge clients
can rely on a well-known, trusted counterparty that is focused on
building a strong, long-term relationship. Trading used to come with
this level of accountability, and with Acknowledge, it can once again."
KCG Acknowledge provides clients with access to all of KCG's global
market making capabilities, including equities through Acknowledge EQ,
fixed income through Acknowledge FI, and foreign exchange through
Acknowledge FX.
KCG Acknowledge EQ provides access to liquidity in more than 7,600 NMS
securities and minimizes information leakage, often in hard to trade
names. The Acknowledge EQ team works with clients to adapt to their
specific trading architectures and capacities, and seamlessly integrates
with their smart order routers or dark liquidity seeking algorithms. It
complements clients' exchange and off-exchange venue routing, providing
transparency and accountability in sourcing liquidity.
KCG Acknowledge FI delivers reliable and accessible liquidity by
building on a long history as one of the largest market makers in U.S.
Treasuries. As a responsible counterparty for On-the-Run U.S.
Treasuries, Acknowledge FI helps its clients to effectively and
confidently transfer risk. Acknowledge FI's consistently strong, firm
market, with large size and competitive prices through U.S., London and
Asia trading hours, provides executable internal liquidity derived from
advanced valuations.
KCG Acknowledge FX provides clients with a direct connection to a market
maker in order to find the FX liquidity they need. As principle,
Acknowledge FX generates unique and competitive prices in G20 pairs and
can customize pricing, tick updates, skewing and fill ratios based on
the needs of our clients.
Previously, KCG's equities market making offering was marketed under the
name "Knight Link" and its fixed income offering was marketed under the
name "GET Direct". Because these solutions are now part of Acknowledge,
KCG will decommission both formerly-used brand names.
Clients can access KCG Acknowledge beginning September 10, 2015. For
more information on the advantages associated with KCG Acknowledge,
please visit: kcg.com/ack http://www.kcg.com/ack .
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