Hudson River Trading says to buy rival HFT firm Sun Trading

By Kitco News / January 16, 2018 / www.kitco.com / Article Link

NEW YORK, Jan 16 (Reuters) - Hudson River Trading LLC said on Tuesday it agreed to buy Sun Trading parent Sun Holdings LLC in the latest example of consolidation in the high frequency trading industry, which has been in a years-long decline amid low market volatility and rising costs.

Terms of the deal between the two closely-held companies were withheld.


(Reporting by John McCrank)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Gold stocks decline as metal drop offsets equity risk on

May 06, 2024 / www.canadianminingreport.com

Canadian mining equity capital raising robust in 2023, early 2024

May 06, 2024 / www.canadianminingreport.com

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok