Trump nominates trading firm founder Viola as Army secretaryWASHINGTON/NEW YORK (Reuters) - President-elect Donald Trump will nominate Vincent Viola, an Army veteran and founder of a high-speed trading firm, to be secretary of the Army, adding another figure from the business world without government experience to his Cabinet. Viola is a West Point graduate who founded the highly profitable high-frequency trading firm Virtu Financial Inc in 2008, Trump’s transition team said in a statement on Monday.  Viola is a former chairman of the New York Mercantile Exchange, where he began his financial services career, and is a leader in electronic trading. Along with Virtu CEO Douglas Cifu, he bought the Florida Panthers of the National Hockey League in 2013. In the Army, Viola trained as an Airborne Ranger infantry officer and served in the 101st Airborne Division, the transition team said. “Whether it is his distinguished military service or highly impressive track record in the world of business, Vinnie has proved throughout his life that he knows how to be a leader and deliver major results in the face of any challenge,” Trump was quoted as saying in a transition team statement. After the Sept. 11, 2001, al Qaeda attacks on New York and Washington, Viola helped found the Combating Terrorism Center at the U.S. Military Academy at West Point. “A primary focus of my leadership will be ensuring that America’s soldiers have the ways and means to fight and win across the full spectrum of conflict, Viola said in the statement.   As Army secretary, Viola would oversee 473,000 active duty soldiers. Trump met with Viola on Friday as the Republican president-elect considered candidates for top posts in his administration, which begins on Jan. 20. Cabinet positions yet to be filled include secretaries of agriculture and veterans affairs and the U.S. trade representative. Viola, 60, whose net worth is $1.8 billion according to Forbes magazine, is the latest wealthy financier or businessman tapped to join Trump’s administration. Those nominees, with little or no experience in government, include Exxon Mobil CEO Rex Tillerson for secretary of state, Goldman Sachs chief operating officer Gary Cohn for director of the National Economic Council, private equity firm owner Wilbur Ross as commerce secretary and Andrew Pudzer, CKE Restaurants Inc chief executive as labor secretary.  FROM WEST POINT TO HIGH-SPEED TRADING Viola was a leading figure in the emergence of high-frequency trading, in which rapid-fire machines place thousands of very short-term bets, making markets and profiting on tiny price imbalances.  In 2014, Virtu Financial received a letter of inquiry from New York Attorney General Eric Schneiderman as part of a wider investigation of such firms, which came amid heightened attention to such trading after the publication of author Michael Lewis’ book “Flash Boys: A Wall Street Revolt.” The firm was never charged with anything and has always backed more regulation for trading and market making. If Viola is confirmed by the Senate as secretary of the Army, his ownership stake in the Panthers would be placed in a trust, while Cifu would take over Viola’s role as chairman and governor of the team’s parent company, Sunrise Sports and Entertainment, the Panthers said in a statement. Cifu currently has the role of vice chairman and alternate governor of the club. Viola was born to Italian immigrant parents in New York’s Brooklyn borough, and was the first in his family to attend college. He left the Army after five years because his father suffered a massive heart, he told the West Point Center for Oral History, which he helped fund. Friends in the Williamsburg section of Brooklyn where Viola grew up pointed him to Wall Street after he failed to find work elsewhere. Viola stood out on entering the trading pits in 1982 as a “local” on the New York Mercantile Exchange, as many of the floor traders did not have a college education. Viola has said the principles of West Point - duty, honor, country - are overwhelming and become ingrained.  “It’s very hard to come here and not leave not having a selfless sense of what duty means, what honor is, and the importance of your country,” Viola said in 2011 the Oral History interview. politicsNews
trump nominates trading firm founder viola army york reuters donald trump nominate vincent viola army veteran founder trading firm secretary army adding another figure business world without government experience cabinet viola west point graduate founded highly profitable trading firm virtue financial inc trump transition team said statement monday viola former chairman new york mercantile exchange began financial services career leader electronic trading along virtue ceo douglas ifu bought florida panthers national hockey league in army viola trained airborne ranger infantry officer served airborne division transition team said whether distinguished military service highly impressive track record world business indie proved throughout life knows leader deliver major results face challenge trump quoted saying transition team statement after al qaeda attacks new york washington viola helped found combating terrorism center military academy west point a primary focus leadership ensuring america soldiers ways means fight win across full spectrum conflict viola said statement as army secretary viola would oversee active duty soldiers trump met viola friday republican considered candidates top posts administration begins cabinet positions yet filled include secretaries agriculture veterans affairs trade representative viola whose net worth billion according forbes magazine latest wealthy financier businessman tapped join trump administration those nominees little experience government include exon mobil ceo rex tillerson secretary state goldman sachs chief operating officer gary con director national economic council private equity firm owner wilbur ross commerce secretary andrew rudder cke restaurants inc chief executive labor secretary from west point to trading viola leading figure emergence trading machines place thousands bets making markets profiling tiny price imbalance in virtue financial received letter inquiry new york attorney general eric schneiderman part wider investigation firms came amid heightened attention trading publication author michael lewis book flash boys a wall street the firm never charged anything always backed regulation trading market making if viola confirmed senate secretary army ownership stake panthers would placed trust ifu would take viola role chairman governor team parent company sunrise sports entertainment panthers said statement ifu currently role vice chairman alternate governor club viola born italian immigrant parents new york brooklyn borough first family attend college he left army five years father suffered massive heart told west point center oral history helped fund friends williamsburg section brooklyn viola grew pointed wall street failed find work elsewhere viola stood entering trading pits local new york mercantile exchange many floor traders college education viola said principles west point duty honor country overwhelming become grained it hard come leave selfless sense duty means honor importance country viola said oral history interview politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Trump nominates trading firm founder Viola as Army secretaryWASHINGTON/NEW YORK (Reuters) - President-elect Donald Trump will nominate Vincent Viola, an Army veteran and founder of a high-speed trading firm, to be secretary of the Army, adding another figure from the business world without government experience to his Cabinet. Viola is a West Point graduate who founded the highly profitable high-frequency trading firm Virtu Financial Inc in 2008, Trump’s transition team said in a statement on Monday.  Viola is a former chairman of the New York Mercantile Exchange, where he began his financial services career, and is a leader in electronic trading. Along with Virtu CEO Douglas Cifu, he bought the Florida Panthers of the National Hockey League in 2013. In the Army, Viola trained as an Airborne Ranger infantry officer and served in the 101st Airborne Division, the transition team said. “Whether it is his distinguished military service or highly impressive track record in the world of business, Vinnie has proved throughout his life that he knows how to be a leader and deliver major results in the face of any challenge,” Trump was quoted as saying in a transition team statement. After the Sept. 11, 2001, al Qaeda attacks on New York and Washington, Viola helped found the Combating Terrorism Center at the U.S. Military Academy at West Point. “A primary focus of my leadership will be ensuring that America’s soldiers have the ways and means to fight and win across the full spectrum of conflict, Viola said in the statement.   As Army secretary, Viola would oversee 473,000 active duty soldiers. Trump met with Viola on Friday as the Republican president-elect considered candidates for top posts in his administration, which begins on Jan. 20. Cabinet positions yet to be filled include secretaries of agriculture and veterans affairs and the U.S. trade representative. Viola, 60, whose net worth is $1.8 billion according to Forbes magazine, is the latest wealthy financier or businessman tapped to join Trump’s administration. Those nominees, with little or no experience in government, include Exxon Mobil CEO Rex Tillerson for secretary of state, Goldman Sachs chief operating officer Gary Cohn for director of the National Economic Council, private equity firm owner Wilbur Ross as commerce secretary and Andrew Pudzer, CKE Restaurants Inc chief executive as labor secretary.  FROM WEST POINT TO HIGH-SPEED TRADING Viola was a leading figure in the emergence of high-frequency trading, in which rapid-fire machines place thousands of very short-term bets, making markets and profiting on tiny price imbalances.  In 2014, Virtu Financial received a letter of inquiry from New York Attorney General Eric Schneiderman as part of a wider investigation of such firms, which came amid heightened attention to such trading after the publication of author Michael Lewis’ book “Flash Boys: A Wall Street Revolt.” The firm was never charged with anything and has always backed more regulation for trading and market making. If Viola is confirmed by the Senate as secretary of the Army, his ownership stake in the Panthers would be placed in a trust, while Cifu would take over Viola’s role as chairman and governor of the team’s parent company, Sunrise Sports and Entertainment, the Panthers said in a statement. Cifu currently has the role of vice chairman and alternate governor of the club. Viola was born to Italian immigrant parents in New York’s Brooklyn borough, and was the first in his family to attend college. He left the Army after five years because his father suffered a massive heart, he told the West Point Center for Oral History, which he helped fund. Friends in the Williamsburg section of Brooklyn where Viola grew up pointed him to Wall Street after he failed to find work elsewhere. Viola stood out on entering the trading pits in 1982 as a “local” on the New York Mercantile Exchange, as many of the floor traders did not have a college education. Viola has said the principles of West Point - duty, honor, country - are overwhelming and become ingrained.  “It’s very hard to come here and not leave not having a selfless sense of what duty means, what honor is, and the importance of your country,” Viola said in 2011 the Oral History interview. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump nominates trading firm founder viola army york reuters donald trump nominate vincent viola army veteran founder trading firm secretary army adding another figure business world without government experience cabinet viola west point graduate founded highly profitable trading firm virtue financial inc trump transition team said statement monday viola former chairman new york mercantile exchange began financial services career leader electronic trading along virtue ceo douglas ifu bought florida panthers national hockey league in army viola trained airborne ranger infantry officer served airborne division transition team said whether distinguished military service highly impressive track record world business indie proved throughout life knows leader deliver major results face challenge trump quoted saying transition team statement after al qaeda attacks new york washington viola helped found combating terrorism center military academy west point a primary focus leadership ensuring america soldiers ways means fight win across full spectrum conflict viola said statement as army secretary viola would oversee active duty soldiers trump met viola friday republican considered candidates top posts administration begins cabinet positions yet filled include secretaries agriculture veterans affairs trade representative viola whose net worth billion according forbes magazine latest wealthy financier businessman tapped join trump administration those nominees little experience government include exon mobil ceo rex tillerson secretary state goldman sachs chief operating officer gary con director national economic council private equity firm owner wilbur ross commerce secretary andrew rudder cke restaurants inc chief executive labor secretary from west point to trading viola leading figure emergence trading machines place thousands bets making markets profiling tiny price imbalance in virtue financial received letter inquiry new york attorney general eric schneiderman part wider investigation firms came amid heightened attention trading publication author michael lewis book flash boys a wall street the firm never charged anything always backed regulation trading market making if viola confirmed senate secretary army ownership stake panthers would placed trust ifu would take viola role chairman governor team parent company sunrise sports entertainment panthers said statement ifu currently role vice chairman alternate governor club viola born italian immigrant parents new york brooklyn borough first family attend college he left army five years father suffered massive heart told west point center oral history helped fund friends williamsburg section brooklyn viola grew pointed wall street failed find work elsewhere viola stood entering trading pits local new york mercantile exchange many floor traders college education viola said principles west point duty honor country overwhelming become grained it hard come leave selfless sense duty means honor importance country viola said oral history interview politicsnews