{"id":60837,"date":"2017-11-10T08:30:41","date_gmt":"2017-11-10T13:30:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=60837"},"modified":"2017-11-10T08:30:41","modified_gmt":"2017-11-10T13:30:41","slug":"wall-street-giant-virtu-cut-staff-by-half-and-laid-in-to-a-1-4bn-acquisition","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/11\/2017\/wall-street-giant-virtu-cut-staff-by-half-and-laid-in-to-a-1-4bn-acquisition.html","title":{"rendered":"Wall Street Giant Virtu Cut Staff by Half and Laid In to a $1.4bn Acquisition \u2014"},"content":{"rendered":"<p>\n(The Business Insider) The writing was on the wall from the beginning. When Virtu Financial \u2014 which had grown to become one of the largest high-speed trading firms in less than a decade \u2014 acquired rival KCG in July, there was an understanding that costs and staff were going to be cut fast. Virtu had spent $1.4 billion on its purchase and was already known for a lean business model. Virtu had just 150 staff, compared with 1,100 at KCG. That&#8217;s to say nothing of KCG&#8217;s old-fashioned flash with cash reputation&#8230;..<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/virtu-cut-staff-by-half-and-is-restructuring-after-kcg-acquisition-2017-11\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(The Business Insider) The writing was on the wall from the beginning. When Virtu Financial \u2014 which had grown to become one of the largest high-speed trading firms in less than a decade \u2014 acquired rival KCG in July, there [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60837","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/60837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=60837"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/60837\/revisions"}],"predecessor-version":[{"id":60838,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/60837\/revisions\/60838"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=60837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=60837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=60837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}