Virtu gets approved for High Speed Trading from Japan’s FSA

Virtu and MarketAxess to provide global ETF and fixed income products

Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has just announced that its Singapore entity, Virtu Financial Singapore Pte. Ltd. has received High Speed Trading (HST) Registration with Japan’s Financial Services Agency (FSA).

In November 2017, Virtu submitted a comment letter supporting the FSA’s HST proposal and commending its efforts to improve market transparency, risk controls, and system safeguards. Virtu’s support for the FSA’s efforts is evidenced by Virtu being one of the first to register under the FSA’s newly established HST registration regime, which was officially adopted on April 1, 2018 as part of an Amendment of the FSA’s Financial Instruments and Exchange Act.

Virtu has consistently supported registration for participants that access financial markets and has advocated for enhancements to multi-layer pre-trade and post-trade risk control requirements, including through comment letters previously submitted to the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.

We applaud the expediency with which the FSA was able to propose, approve, and implement this important enhancement to the market’s safeguards. Virtu’s early HST registration demonstrates our commitment to transparency across the more than 235 markets in which we trade around the world.” Brett Fairclough, Managing Partner, Asia-Pacific, commented.

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