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Virtu names Morgan Stanley MD senior vice president

Shares of the US-based high-frequency trading firm made their market debut in April

Virtu names Morgan Stanley MD senior vice president

Stephen Cavoli, a former managing director in Morgan Stanley’s electronic trading group, has agreed to join high-frequency trading firm Virtu Financial as a senior vice president, according to the firm.

Cavoli, a graduate of the US Military Academy at West Point, will work on "business strategy and development," said Virtu chief executive Douglas Cifu. Virtu chairman Vincent Viola is also a graduate of West Point and supporter of its Combating Terrorism Center.

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