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Following the takeover of Wachovia by Citigroup, the future of Wachovia’s futures commission merchant business is still unknown.
Four subsidiaries of Wachovia are listed as FCMs: Wachovia Capital Markets,...
“Not all algo trading is HFT, but all HFT is algo trading. We shouldn’t throw the baby out with the bathwater when choosing to regulate HFT.”
CME's Bob Ray at Derivatives World London 2010