Market maker Virtu hires Evercore and Deutsche Bank veteran Pete Candler for execution services

Virtu Financial, Inc. (Nasdaq:VIRT), a technology enabled global market maker, has just announced that it hired Pete Candler to help develop and grow its execution services business. Virtu, an electronic market maker and execution service provider, offers its execution technology and transparent post trade analytics to buy-side and sell-side clients.

Candler is a seasoned professional with 20 years of trading and market structure expertise, leading both high touch and low touch execution desks servicing international clients trading into the US markets from abroad.

Candler’s arrival follows Virtu’s acquisition of KCG Holdings in July last year and its continued integration of the combined firm. As of February 2018, Virtu reported that it had reduced the overall, combined headcount from approximately 1200 to 560 and Candler is one of approximately 30 new hires Virtu has made since the acquisition as it focuses on growing its client franchise.

We are excited to have Pete join the Virtu execution services team as we continue to build our institutional offering, which is wholly focused on clients, transparency, and great execution through state-of –the art technology. His arrival further demonstrates our commitment to enhancing our offering and expanding our client relationships,” said Stephen Cavoli, Executive Vice President, Markets of Virtu Financial.

Candler joins Virtu from Evercore ISI where he was a Managing Director. Prior to Evercore ISI, Candler was at Deutsche Bank and at Credit Suisse. Candler has an MBA from NYU’s Stern School of Business.

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