Getco reveals 2012 profit decline

Profits at the high-speed trading firm fell 82% for first nine months of 2012 as it wrestled with slack financial markets

Getco on Wednesday disclosed that profit fell sharply in the first nine months of last year, providing a rare insight into how the closely held trading firm has wrestled with slack financial markets.

Chicago-based Getco reported net profit of $24.6m in the nine months to September 30, compared with $134.8m for the same period a year earlier and a fraction of the $430.4m earned during the intense market volatility in calendar 2008.

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How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line