M&A Deal Summary

BATS Global Markets Acquires Hotspot FX

On January 28, 2015, BATS Global Markets acquired financial services company Hotspot FX from KCG Holdings for 365M USD

Acquisition Highlights
  • This is BATS Global Markets’ 3rd transaction in the Financial Services sector.
  • This is BATS Global Markets’ largest (disclosed) transaction.
  • This is BATS Global Markets’ 2nd transaction in the United States.
  • This is BATS Global Markets’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2015-01-28
Target Hotspot FX
Sector Financial Services
Buyer(s) BATS Global Markets
Sellers(s) KCG Holdings
Deal Type Divestiture
Deal Value 365M USD

Target

Hotspot FX

Jersey City, New Jersey, United States
Hotspot FX, Inc. provides institutions and dealers with spot foreign exchange trade execution through an advanced, fully electronic platform.

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Buyer(S) 1

Buyer

BATS Global Markets

Lenexa, Kansas, United States

Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

BATS Global Markets, Inc. (BATS) is a operator of securities markets, serving the needs of customers in the U.S. and European equities and listings industries, as well as the U.S. options market. The company recently merged with Direct Edge Holdings LLC and is focused on Making Markets Better for traders, investors and issuers.


DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 3 of 3
Type (Divestiture) 1 of 1
State (New Jersey) 2 of 2
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Direct Edge

Jersey City, New Jersey, United States

Direct Edge is a provider of stock exchange operators in the United States and globally. Headquartered in Jersey City, New Jersey, Direct Edge offers dynamic trading functionality across two distinct platforms, EDGA and EDGX, as well as connectivity and market data services. Its commitment to innovation and superior customer service helps its Members move their business lives forward.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 ETF.com

San Francisco, California, United States

ETF.com delivers clear, independent, and authoritative exchange-traded fund (ETF) news, analysis, and education to help participants make better investment decisions. It expanded its multimedia business with webinars, events, videos, and podcasts. ETF.com was formed in 2001 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

KCG Holdings

Jersey City, New Jersey, United States

Category Company
Sector Financial Services
Employees972
Revenue 1.4B USD (2016)
DESCRIPTION

KCG Holdings, Inc. is a securities firm offering services designed to address trading needs across asset classes, product types and time zones. KCG Holdings is based in Jersey City, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Knight Capital Group

Jersey City, New Jersey, United States

Knight Capital Group is a global financial services firm that provides access to capital markets across multiple asset classes to a broad network of clients, including broker-dealers, institutions and corporations. Knight is headquartered in Jersey City, New Jersey, with a global presence across the Americas, Europe, and the Asia Pacific regions.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 Neonet AB

Stockholm, Sweden

Neonet AB provides a comprehensive suite of advanced algorithmic trading, smart order routing and sales trading primarily in European equities across 30 public and private markets to approximately 200 clients in more than 20 countries. Neonet strives to deliver transparent execution services to banks, brokers and financial institutions with an optimized balance of quality and cost. The acquisition will strengthen KCG's reach in continental Europe and will enable both KCG's and Neonet's clients to access a more complete range of international execution services and capabilities.

Buy -