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ITG's Selway drops out of running to head U.S. SEC markets unit

Sept 8 (Reuters) - Jamie Selway, the leading candidate to head the Trading and Markets division at the U.S. Securities and Exchange Commission, has withdrawn his name from consideration, according to a source with direct knowledge of the matter.

Selway, head of execution services at agency brokerage Investment Technology Group (ITG), made the decision more than four months after his name was cited as the front runner for the position. The reason for the delay was not clear. (Reporting by John McCrank in New York)