KCG to sell forex trading platform Hotspot to BATS Global
Jan 28 (Reuters) - Financial services provider KCG Holdings Inc said it will sell its foreign exchange trading platform, KCG Hotspot, to BATS Global Markets for $365 million in cash.
The transaction is expected to increase KCG's tangible book value by about $2 per share upon close.
The transaction is expected to be completed in the second quarter of 2015, KCG said on Wednesday. (Reporting by Avik Das in Bengaluru; Editing by Sriraj Kalluvila)
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