First KCG and now Virtu. In 2008 no one would have guessed that in 2014 automated trading firms would be publicly traded companies – but here we are. Investors have a new way of getting in on the profits behind liquidity provision, and the market as a whole has new insight into how these firms operate and make money. This is the interview I did with Trish Regan at Bloomberg TV (March 11, 2014) as a follow-up to the print story earlier in the day. Comments welcome as always. See the video here or watch below.
A side note: I was scheduled to be on via remote video, but technical issues kept me on the phone. My headshot probably looks better than I do in person anyway.