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Much of the futures division is comprised of operations that Knight purchased from Penson Worldwide only two months ago.
The division, which had been launched to develop new digital revenue streams, will be rebranded as the Digital Futures division.
TiVo's purchase feature "is a harbinger of what television ultimately should become," said Timothy Hanlon, senior vice president for Denuo, the media futures division of the Publicis Groupe.
After he left public service, Mr. Katz worked for Donaldson , Lufkin & Jenrette the brokerage firm, as head of its futures division.
"The Digital Futures division will remain a separate, state-of-the-art research and development operation within Telegraph Media Group," the company said in an internal email to staff sent yesterday, seen by MediaGuardian.co.uk.
Lam Wee Shann, director of the futures division for Singapore's Ministry of Transport, said during a panel held at MIT last month that the government wants to explore whether autonomous vehicles could reduce congestion and remake the city into one built around walking, bicycling, and public transit.
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"Most Wall Street firms didn't even have commodity futures divisions, and Merrill Lynch's was small, tucked away on a side street, and furnished with basic metal desks". Upon graduation, he landed a job at a brokerage firm, Dominick & Dominick, as director of commodities.
The future division of responsibility remains unclear, however.
Their enemies wasted the four weeks feuding over the future division of the spoils.
And now a company that looked to be a perfect future division of Apple is gone for good".
They view efforts by Israel to increase the Jewish presence there as hostile acts intended to thwart any future division of the city.
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