Jersey City-based securities firm KCG Holdings Inc. said Wednesday that it is selling one of its trading venues to a Kansas-based company for $365 million in cash.
Now see, right there, that's a big deal. But how does one get $365 million in cash, ie which bank does that and who is the sorry ass at the Kansas company who has to sit there and count that shit up?
Johnny, does the Kansas company have a name? Who are these people that can lay their hands on that much cash?
BATS Global Markets, which is based in Lenexa, Kansas, and has offices in Jersey City.
Maybe that's where all the money is being counted. Joe Strummer take it away:
Here's hoping $365 mil buys you good security whilez ya count.
Here's some corporate word salad on the deal:
“After conducting a thorough and competitive process, it became clear that BATS is the right strategic partner for Hotspot, as well as its clients and employees,” Coleman added in the statement. “BATS and Hotspot share a commitment to technological excellence. This, coupled with the experience, resources and insights derived from operating global multi-asset class markets, ensures that BATS is well-positioned to further accelerate Hotspot’s growth.”
That's like SIX Bingos.
Now over to Kiki with entertainment news you can use...
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