It looks like trading firm Knight Capital will sell itself to Getco Holding company, sources tell Reuters.
[credit provider=”AP Images”] Floor traders have been talking about what Peter Giacchi, a designated market maker (DMM) for GETCO, did last week. Business Insider has learned that Giacchi was the DMM who saved the day before market close last Friday when he identified and stopped an erroneous order from occurring thereby preventing a […]
We’re told that everyone on the Street is still buzzing about that Designated Market Maker (DMM) at the New York Stock Exchange who identified and prevented an erroneous order from occurring late last Friday saving a broker-dealer from losing millions of dollars.
The high frequency trading powerhouse GETCO has arranged a deal to acquire Automat, a London-based derivatives and Forex.