All This Talk About High-Frequency Trading Is A Problem For A Big Upcoming IPO

A SEC probe into high frequncy trading firms, and more attention from a pesky New York Attorney General — last week all of that seemed like a slight bump in the road for the upcoming IPO of one of the most powerful high frequency trading firms in the world, Virtu. Valued at as much as $3 billion, the company was hoping to raise $100 million in its IPO — maybe even $200, or $250 million this month. The word was that this would turn CEO Vicent Viola, a former Nymex Chair who owns 70% of the co...