E*Trade Sells Market Making Unit to Susquehanna for $75 Million
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E*Trade Financial Corp. agreed to sell a market-making unit that had been the subject of a regulatory inquiry to Susquehanna International Group LLP for $75 million.
E*Trade is selling G1 Execution Services LLC along with a promise to send 70 percent of customer equity orders to the business for five years, according to a statement today.