HFT market maker now own 100% of NYSE
I am not sure how people missed this one
FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!Jan. 26 — Tom Farley, president at NYSE Group, and Ari Rubenstein, co-founder and chief executive officer at GTS, talk with Betty Li about GTS becoming a Designated Market maker on the NYSE and how the NYSE is prepared for current market volatility. They speak on “Bloomberg Markets.”
Global Trading Systems LLC agreed to purchase Barclays Plc’s business at the New York Stock Exchange floor, meaning high-speed trading firms now manage buying and selling of nearly all securities there.
To read the entire article, go to http://bloom.bg/1UotuSS