Tuesday, 16 September 2014
Last updated 8 hours ago
Apr 2 2014 | 10:53am ET
A high-frequency trading firm led by a former hedge fund manager has postponed its initial public offering in the wake of a storm of bad publicity for the industry.
Virtu Financial, which is headed by Actius Capital Management founder Vincent Viola, won’t begin marketing itself until after April 20, Bloomberg News reports. The firm made the decision last night, following the media reaction to the release of a new book condemning high-frequency trading.
That book, Flash Boys by Michael Lewis, argues that high-speed trading has rigged U.S. stock markets.
Virtu filed for an IPO last month. Its roadshow was set to begin about a week earlier than now planned.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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