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Wedbush Announces Closing of Transaction with KCG Futures

LOS ANGELES, Dec. 1, 2014 (GLOBE NEWSWIRE) -- Wedbush Securities Inc., one of the nation's leading financial services providers, today announced the closing with respect to an agreement to acquire certain assets of KCG Americas LLC related to its agency futures operations previously doing business as KCG Futures. The transaction continues to build Wedbush Futures' offerings and enhances the firm's service by expanding its futures, FX and cross asset class margining clearing, execution and custody capabilities.

"This closing is the result of a tremendous effort on the part of all concerned," said Rich Jablonski, Executive Vice President of Treasury, Wedbush Securities. Mr. Jablonski added "We are pleased to welcome both our new colleagues and clients and look forward to further expanding our offerings."

Carl Gilmore, Co-Head of Webush's Futures division, said "I believe our clients will be glad to learn about how they can benefit from Wedbush's expanded offering of products and services including the execution, custody and clearing of securities, and should feel free to contact their Wedbush representative to discuss these and other products and services."

As of December 1, 2014 clients will now be able to access their account via www.wedbushfutures.com.

About Wedbush Securities

Founded in 1955, Wedbush Securities is a leading financial firm that provides brokerage, clearing, investment banking, equity research, public finance, fixed income sales and trading, and asset management to individual, institutional and issuing clients. Headquartered in Los Angeles, with over 100 registered offices, the firm focuses on relentless service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company WEDBUSH, Inc., which also includes affiliated firms Wedbush Asset Management, Wedbush Capital Partners, Wedbush Opportunity Partners, and Lime Brokerage LLC. Follow us on Twitter @Wedbush.

CONTACT: Brittany Price publicrelations@wedbush.com (213)688-8057Source:Wedbush Securities