Until Proven Guilty


Virtu Financial Inc. describes themselves as an electronic market making firm. They are in the middle of an Initial Public Offering, but announced yesterday that they are suspending their efforts indefinitely due to the controversy surrounding Michael Lewis “Flash Boys.” The Atty. General of the State of New York has subpoenaed a number of flash trading firms for information on their trading activities and he describes the strategies of some of these firms as “Insider Trading 2.0. I think it...
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Published on April 18, 2014 07:08
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