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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.

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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