Virtu Founder named army secretary
- Thread starter TraDaToR
- Start date
They went public and the private equity investors took profits. These guys never had a losing month since starting up business. Life as a public company has not been profitable for the new found public shareholders though. The business is profitable and pay a dividend(6%) but somehow wall street does not support the business model. Strange being a cash machine....stock at 16 down from 26. PE=18.
FROM WEST POINT TO HIGH-SPEED TRADING
Viola was a leading figure in the emergence of high-frequency trading, in which rapid-fire machines place thousands of very short-term bets, making markets and profiting on tiny price imbalances.
FROM WEST POINT TO HIGH-SPEED TRADING
Viola was a leading figure in the emergence of high-frequency trading, in which rapid-fire machines place thousands of very short-term bets, making markets and profiting on tiny price imbalances.
Vinnie is the man, I'm very happy for him. This guy was very instrumental after 9/11 bringing Crude Oil back up and trading. Also he has a combat consulting firm and built the anti terror wing of West Point. Decorated Veteran both in the armed services and business. This is the type of guy you want in that position.
Clinton would of chosen some PhD from some university with no experience.
Clinton would of chosen some PhD from some university with no experience.
Trading firms without a structural edge have a bad record in the public markets. They loaded the firm with debt (negative tangible equity) have paid multiple special divs to founders, siphon cash via an up-c related tax receivable agreement - its a mess and IMO bound to implode on public shareholders, in time, only propped up by what looks to be an unsustainable dividend.
