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Re: m0n post# 1307

Friday, 06/29/2018 11:38:40 AM

Friday, June 29, 2018 11:38:40 AM

Post# of 2862
They purchased Knight for $1.4 Billion.

They did not buy just the stock here ... they bought the whole firm.

https://www.reuters.com/article/us-kcg-hldgs-m-a-virtu-fincl/trading-firm-virtu-financial-to-buy-kcg-for-about-1-4-billion-idUSKBN17M1EK

I agree that $20K is just pocket change for them, but for some trader .... if they can show they made $20k on something that was written off ... they will get a decent bonus.