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Stories of Interest
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
- Senate Republicans Release Plan to Replace Obamacare - The Details
- Berkshire Hathaway Throws $1.5Bn Lifeline to Canada's Home Capital
- Inside Nomura: Day in the Life of a Junior Banker
- Inside Travis Kalanick’s Resignation as Uber’s C.E.O.
- Creative Planning, KS Investment Firm, Spurring Change on Wall Street
- SEC Obtains Judgment Against Attorney Who Defrauded Escrow Clients
- SEC Files Fraud Charges Against Stock Promoters in Market Manipulation Scheme
- Power Lunches and Dinners in New York, London, Washington
- Banks to Cut $1.2Bn in Research Spending, Analyst Jobs - McKinsey
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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.