08-12-2014 04:03 via news.yahoo.com

Temasek buys stake in U.S. electronic trading firm Virtu: source

HONG KONG/SINGAPORE (Reuters) - Singapore state investor Temasek Holdings has agreed to buy a stake in New York-based electronic dealing firm Virtu Financial Inc, said a person familiar with the talks, betting on the growth of automated trading globally. Temasek will purchase just less than 10 percent of Virtu Financial, said the person. The Wall Street Journal reported the deal earlier on Monday, putting the valuation of the stake at around $200 million. The newspaper said Temasek was buying th
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