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Wednesday, Nov 28
2012, 2:26 AM
High-speed trading firm Virtu Financial has reportedly taken the lead against rival Getco in the...
High-speed trading firm Virtu Financial has reportedly taken the lead against rival Getco in the race to acquire Knight Capital (KCG). Any deal is expected to value the brokerage firm at over $1B, well above its market cap of 540.2M. Virtu is preparing an all-cash offer that would be a prelude to an IPO, while Getco's bid would comprise cash and shares as part of a reverse merger that would give the company a public listing.