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Rise of the retail army: The amateur traders transforming markets
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Rise of the retail army: The amateur traders transforming markets
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Doug Cifu, chief executive of Virtu Financial, the market maker, broker and technology provider, defended payment for order flow as retail investors receive price improvement and the business model has allowed markets to become more democratized.
Cifu was interviewed in a webinar today by Larry Tabb, head of market structure research at Bloomberg Intelligence as part of the Equity Trading Research Series.
Looking to talking with @ltabb about how retail market making really works…and maybe some hockey and @FeltmansConey too? @VirtuFinancialhttps://t.co/PuBgLBzNQ0 Doug Cifu (@Dougielarge) February 22, 2021
They were responding to Congressional hearings last week into the volatility of shares in GameStop rising 1,600% last month. Retail investors drove up the price after users of online forum Reddit had posted that hedge funds had taken a large short position in the US video game retailer. Trading app Robinhood was forced to temporarily suspend tr
The GameStop Mess Exposes the Naked Short Selling Scam
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Virtu Financial CEO Douglas A. Cifu to Participate in Interview on Market Structure Trends with Bloomberg’s Larry Tabb on February 23, 2021
February 22, 2021 13:30 ET | Source: Virtu Financial, LLC Virtu Financial, LLC New York, New York, UNITED STATES
NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset, financial services and products across the complete investment cycle, announced today that Virtu CEO, Douglas A. Cifu will participate in an interview with Larry Tabb, Bloomberg Intelligence’s Head of Market Structure Research, to discuss the growth of retail investing, execution quality, price improvement, payment for order flow, as well as clearing and other market structure topics on Tuesday, February 23, 2021 at 11:00 a.m. ET.