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- Goldman's Lloyd Blankfein Seems to be Making a Habit Out of Trolling Trump
- Goldman on Hunt for Star Traders to Revive Struggling Commodities Unit
- Yahoo Owes Millions for Busting NCAA Tourney Bracket Deal
- JPMorgan Joins 21st Century Fox in Fighting 'Deep Divisions Across Our Country'
- Please, God, Save Gary Cohn From Himself: The Case for Resigning
- Regulatory Considerations When Bringing on a New Advisor
- Why Deutsche Bank is at Mercy of Regulators
- U.S. Treasury Auction Class-Action – Federal Judge Causes Interminable Delay
- Mnuchin Rejects Calls to Resign and Defends Trump
- Best Time to Go to the U.S. (Tennis) Open Tourney - Before It Starts on August 28
- Stifel Prevails in Arbitration But Ex-Hilltop Employees Hit with Awards - Bill Singer
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
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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.