Knight Capital may be sold off, Citadel may be next as HFT and hedge fund operations may consolidate or even close
This is all according to rumors found on Bloomberg TV. I find it interesting with all the technology and algos in the world, hedge funds performance is very lackluster his year. As Bloomberg says, I do think you will see the shrinking of this cottage industry with big firms. All the early innovators like Jim SImmons are retiring, it seems the institutional players will shrink or maybe even close. I do think the automated algos and systems will continue but by the little guys. There is still lots of growth ahead.FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!