It was pretty clear from the start that Virtu was gonna get rid of all non-UHF types of business that KCG had. Plus, KCG was a multi-manager setup while Virtu is a one-team-one-scream. Some of those people were kept on for a while to ensure smooth transition, some left on their own.
What's wrong with diversifying the business product line. Regulations could shut down Virtu in the blink of an eye.
If Knight stuff is bad, Getco's programs should be much better right? Any CEO will always talk down other competitors to make it sound like they did an outstanding job. If Virtu was really that great, why go public? You don't hear of Rentech going public
%% IBD put them on charts to watch, a good sign, + low PE.NOT sure if its the 388% debt or all the other negative numbers that hurt them, or the sector; ICE,CBOE, NasdaQQQ, has done so much better past 52 weeks.
That’s not their business and they do not have any desire to run it. Different risk, different capital requirements etc.