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KCG mulls selling stake in combined Bats-Direct Edge

'I would say it's not strategic,' chief executive Coleman says of the investment

KCG Holdings intends to eventually sell the trading giant’s investment in electronic exchange operator Bats Global Markets, KCG’s chief executive said on Wednesday.

The move, which KCG CEO Daniel Coleman said wasn't in the near future, would signal the exit of one of the largest investors in a cluster of electronic exchanges that have cut deeply into the share-trading business of the New York Stock Exchange and Nasdaq Stock Market.

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