United States

Financial Services & Real Estate Headlines

DRW to buy RGM in latest deal among high-speed trading firms

Proprietary trading firm DRW Holdings on Wednesday said it agreed to buy RGM Advisors, in the latest example of consolidation among high-frequency trading (HFT) firms, which have struggled remain profitable amid rising costs and low market volatility.


Trump jettisons business councils after CEOs quit in protest

WASHINGTON/NEW YORK President Donald Trump announced the disbanding of two high-profile business advisory councils on Wednesday after several chief executives quit in protest over his remarks blaming weekend violence in Virginia not only on white nationalists but also on anti-racism activists who opposed them. | Video