New York, December 22 (RHC)-- Donald Trump has nominated billionaire and Army veteran Vincent Viola to be the secretary of the Army. Viola is a retired U.S. Army major and graduate of West Point who is worth nearly $2 billion. He’s the founder of a high-frequency trading company called Virtu.
High-frequency trading is a process in which financial firms use algorithms to execute rapid-fire trades, at a speed of a half-millionth of a second, in order to generate tiny profits on each transaction that add up to massive sums of money. Critics have warned the scheme threatens the stability of global financial markets. Viola is also the owner of the National Hockey League’s the Florida Panthers.
Trump Picks Billionaire Army Veteran Vincent Viola to Be Army Secretary
Related Articles
Commentaries
MAKE A COMMENT
All fields requiredMore Views
- Cuba explores technique to reduce vector population
- UN warns that nearly 55 million face hunger in West and Central Africa
- Extradition of Julian Assange edges closer as U.S. claims it will respect his human rights
- Artificial intelligence platform is developed in Cuba
- FAO assists Cuba in forest protection