Getco Said to Cut About 40 Jobs Amid U.S. Trading Slowdown
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Getco LLC, a Chicago-based automated trading firm, eliminated about 40 jobs last week amid an industry slowdown in transactions, according to a person with direct knowledge of the situation.
Sophie Sohn, a Getco spokeswoman, confirmed in a phone interview that the company cut positions on June 7. Edward Boyle, hired a year-and-a-half ago from NYSE Euronext to manage the firm’s relationships with exchanges and work on business strategy, was among the people let go, she said.