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KCG MatchIt

KCG MatchIt is an ATS that operates in the United States and is registered with the Securities and Exchange Commission. MatchIt is an anonymous crossing venue that brings together a variety of sources of non-displayed liquidity from broker-dealers. These sources include liquidity providers, institutional brokers, KCG’s client market making business, KCG proprietary flow, DMA flow from third-party broker-dealers, and algorithmic order flow from third-party broker-dealers and KCG Electronic Trading.

KCG MatchIt operates as a neutral venue. MatchIt does not onward route orders that do not match within the ATS. MatchIt does not maintain a visible order book of any kind or utilize IOIs in any way.

KCG MatchIt is operated by KCG Americas LLC ("KCGA"), a wholly owned broker-dealer subsidiary of KCG Holdings, Inc. KCG is a member of FINRA, SIPC, and most national securities exchanges.

For additional questions, please contact us at matchit@kcg.com.

 

Quick Facts

MPID: KCGM
Clearing #: 295
MIC CODE: KNMX
Matching Engine Location: NY5
Market Data: DIRECT (exc. CHX & NSX)
Execution Protocol: Price/Time
Execution Fee: 0.001/share

 

As of June 8, 2016, we made some functional and operational changes to KCG MatchIt ATS as part of a technology upgrade. Highlights of the changes are shown in this Quick Review.