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Stories of Interest
- White House Now Doesn’t Dispute Details of Trump's Call with Army Widow
- Goldman Sachs’ Lloyd Blankfein Just Threw Some Serious Brexit Shade
- Guggenheim Partners ‘Bank Wrecker’ Could Get $100Mn Exit Package
- Proposed Arbitration Rule Change: For Customers Dealing with an Inactive Firm or Associated Person
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
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NEWSLETTERS & ALERTS
Robert Greifeld: Trading Places
Robert Greifeld, who turned Nasdaq into a global exchange and technology company that gets most of its revenue from recurring fees for data, co-location services and the like, will soon become Chairman of Virtu Financial, a high-frequency trading firm. That appointment will take place after Virtu completes its $1.4 billion acquisition of KCG Holdings (fka Knight). Greifeld will take over from Virtu's current chairman and founder Vincent Viola.
Virtu Financial was founded in 2011 by former New York Mercantile Exchange Chairman Vincent Viola. When Virtu sought to acquire KCG Holdings, Greifeld and other investors helped finance the $1.4 billion purchase price by acquiring a combined $750 million of new Virtu stock.
Greifeld had served 14 years as CEO of Nasdaq until January 1, 2017, when Adena Friedman succeeded him. In May 2017, Mr. Greifeld relinquished his role as Nasdaq Chairman.
Viola was nominated by Donald Trump to be secretary of the Army, but he withdrew his name from consideration in February due to potential conflicts related to his businesses. Mr. Viola, along with Virtu CEO Douglas Cifu, purchased the Florida Panthers Hockey team in 2013.