they don't, vinnie viola -- melissa: are they seeing evidence of that? >> they operate in what is known as black pools, the smaller markets around the country and around, that operate as the stock market right now and those are run by big buyside players and people like goldman sachs, they may come in an change the rules of the road before eric schneiderman does. melissa: charlie gasparino, always breaking news. we appreciate it. thanks to all three of you. >>> the housing rebound that isn't. new evidence rising rates are taking the wind out of the recovery's sails before it even gets up to speed. >>> new yorkers are not exactly known for their patience but that is not stopping animal lovers from waiting for over an hour to get into the city's hottest new spot? what? we'll take you inside the first-ever cat cafe. yes. cat calf fav. more "money" coming up. ♪ i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health r

virtue founder vinnie viola is leaning toward doing an ipo. what i understand this is sources at virtue the tiling is uncertain but according to people who know vinnie this thing is likely, likely, can't say definitely, he wants to do it. he wants to do it in the coming weeks. we should point out you can't do an ipo without an ipo road show. the ipo road show date has not been set. they're playing with the timing. who knows what type of regulatory stufffthey're worried about. melissa: right. >> what people know, vinnie vie ol' last, former head of the nymex, head of virtue, his partner in this is silver lake. he is wanting to do it. he is leaning toward it. if i'm a beth man i bet he does it. melissa: you know silver lake wants to get it out there as well. >> we should point out one thing about viola. one of the main selling points with meetings with investors he will not sell a shingle share post ipo. he will hold on to his shares. melissa: ever in. >> that he is what he is saying. >> year or two, for sure. but saying not going to sell. >> tal

vinnie might do the ipo in two eaks or six months. it all depends on the market. vincent viola. he wants to wait until the market improves. there was some speculation he pulled the ipo because of the investigation into high frequency trading by eric schneiderman, that virtu received a is in this investigation. we're told that virtu has not received a subpoena in this investigation. this is mostly related to valuations and, when the valuations come back i am told, vinnie viola, vinnie will come back with this april pope. that is where we stand right now. it is not pulled, it is not pulled forever. it is pulled for the time-being. guys, back to you. liz: good reporting. once again, charlie says they haven't pulled the actual filing paperwork. >> right, you got it. liz: thank you very much, charlie gasparino. rich: well, it may sound like something out of a science fiction movie but how about paying for goods and services with the wave of a hand? we'll tell you about a potential game changer in the mobile payments business that is now becoming a reality. humans. we are beautifully

. >> another problem with lewis's book, why don't he talk to vinnie viola who runs vir tough. u. melissa: thank you to both of you. we appreciate it. elon musk, new details on spacex and money rolling in. >>> cashing in on kit cats, the candy bars like you've never seen them before. more "money" coming up. i've always had to keep my eye on her... but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still gonna give me a heart attack. innovations that work for you. that's health in numbers. unitedhealthcare. melissa: we have to show you this one stock literally that's soaring right now. trader james romelli is at cme. i understand not that high of a price but still 80% is 80%? james? oh, james has been robbed of his voice. can anyone hear him? i don't think so. darn it! we'll go back to him in a bit. hopefully, elon musk's spacex is reportedly i

vinnie viola, chairman and founder of virtu said he wouldn't shell shares for many years. at some point you shell shares. but for many years, this is not because he wants to cash out. this april boy was to build something. i know the guy pretty well. good guy. we should point out they did not receive subpoena. this book, i think as thin as it really is, i think it is thin, michael lewis, i don't believe that when michael lewis says something is bad it is bad. other people may. securities & exchange commission. maybe preet bharara, the u.s. attorney's office but they can't do this deal right now. adam: let's broad inch the discussion. i want to bring in jonas and jonathan to talk about the ipo market in general because we've seen a bunch of ipos this year and just this week a lot of them priced lower than what we expected. what is your take what is happening with the ipo market, jonas? >> the ones that are coming in sectors down 20% last few months so they have to price it down. when the ipos come out they're apps and biotech companies. >> right. >> where were the biotech i

i was going to say, do we have a picture of vinnie viola? is that sepia tauped? liz: now let's bring in two of the streets premier experts on high frequency trading. they've been fighting for years to regulate the industry. dennis kelleher, better markets ceo and president, and joe silussi. and michael lewis b writes about joe, saying, quote, the principals of demus trading have done more than anyone to explain and publicize the predation in the stock market. all right, you got a nod here, joe. what have you been doing and for how long? >> we've been around for a long time. we're not new to the game. sal and i started our firm in 2002. we started researching some of this high frequency trading stuff in 2005 with, 2007 our first paper was in 2008. so we're talking fife years ago. and in 2012 we wrote a book called "broken markets" which has a lot of these themes in there. what we criticize by the way, just to be fair be, it's a market structure story. >> yes. that's not what he says in the book. >> well, michael's book, i'll let michael speak to that, but what the