Bloomberg Tech

Virtu Sues to Block Tech Executive’s Move to Clear Street

Market-making firm Virtu Financial Inc. sued to block its former head of client technology from accepting a senior role at prime broker Clear Street LLC, saying he would inevitably share its “most valuable trade secrets” with a budding competitor.

ICE Deal for Black Knight to Proceed As FTC Drops Challenge

Intercontinental Exchange Inc. can move forward with its takeover of Black Knight Inc. after the US Federal Trade Commission accepted a binding settlement that will see key mortgage software products sold to rival Constellation Software Inc.