‘Flash Boys’ Hero Sal Arnuk Has Joined the Flash Boys
- High-speed trading critic Arnuk tweets about new job at Virtu
- Arnuk says Virtu ‘values diverse thought’ enough to hire him
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Say you fell asleep a decade ago -- maybe while reading a bulky regulatory filing about “payment for order flow” -- and just awoke.
After firing up Twitter or tuning into the latest congressional hearing, you discover people involved in the stock market are yelling about many of the same things. Then and now, few topics tend to get the blood boiling like PFOF, the system in which retail brokers send their clients’ orders off for execution by high-frequency trading firms like Citadel Securities or Virtu Financial Inc.