Trading

Virtu boss slams ‘stupid’ French regulator for 2015 fine

Doug Cifu says the AMF does not understand market-making

Doug Cifu
Doug Cifu Photo: Eliot J. Schechter/NHLI via Getty Images

The chief executive of one of the world's most prominent trading firms has lashed out at the "stupidity" of the French financial regulator over a fine his company received in 2015.

Doug Cifu, CEO of Virtu Financial, criticised the Autorité des marchés financiers (AMF) at the TradeTech conference in Paris on Thursday.

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