“Take two!”
Virtu Financial, the high frequency trading firm whose initial public offering of stock was caught in the unexpected firestorm that was the book “Flash Boys” by Michael Lewis, is reviving the IPO plan they shelved last year amid controversy, is seeking $100 million.
99.9999 win percentage is an odd statistic
As a recent Securities and Exchange filing reveals, the company, operated by a litany of some of the exchange world’s top executives, boasts that out of 1,485 trading days it has only one losing day. This is the key statistics that left those familiar with algorithmic trading scratching their heads.
On the...
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