Getco gets new trading identity, will focus less on HFT

07/2/2013 | Bloomberg

Now trading as KCG Holdings, the former Getco, which bought Knight Capital Group, will rein in its high-frequency trading, CEO Daniel Coleman said. Technology will be the increasing focus of the company, as proprietary trading will wane. "Yes, we were involved in HFT, but for the new firm it's really not what we're about," Coleman said.

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