Market maker Virtu launching $500 million secondary share offering LeapRate

May 08, 2018 BY LeapRate Staff

Market maker Virtu launching $500 million secondary share offering

Virtu Financial, Inc (NASDAQ:VIRT), a technology enabled global market maker, has announced the commencement of an underwritten secondary offering of 15,000,000 shares of its Class A common stock. At Tuesday's close of $33.35 per share, the offering size is aimed to be $500 million. The selling stockholders, Mr. Vincent Viola, Virtu's founder and Chairman Emeritus, TJMT Holdings LLC…

August 09, 2016 BY Valentina Kirilova

EEX Emissions Market adds Belektron as a new Market Maker

The European Energy Exchange (EEX) has announced that the Business to Business service company Belektron has been welcomed as a new Market Maker on the Derivatives Market for Emission Allowances. Since January 2015, Belektron has been active as a Market Maker on the EUA Spot Market and has provided buy and sell orders on the EUA Futures…

December 05, 2014 BY Andrew Saks-McLeod

Moscow Exchange opens up to overseas FX clearing members

From December 1, appropriately regulated FX Market brokers are able to become General Clearing Members on Moscow Exchange's FX market.

November 25, 2014 BY Andrew Saks-McLeod

Basel Committee takes a look at market making, prop traders and liquidity provision

Global regulatory authorities have been busily engaged in ascertaining the most effective method of regulating various business-critical activities in electronic trading for approximately four years, ever since President Obama swore the Dodd-Frank Wall Street Reform Act into US law in 2010. This set a precedent among continental regulators for them to instigate a standardized method…

November 14, 2014 BY Mike Fox

Global Trading Systems taps Credit Suisse Electronic Fixed-Income Chief

Katy Burne of the Wall Street Journal broke news today that Ryan Sheftel, the global head of fixed-income electronic trading at Credit Suisse Group AG , left the firm earlier this month to take up a new post at Global Trading Systems LLC, said people familiar with the matter. Global Trading Systems is a large computer-driven…

November 13, 2014 BY Andrew Saks-McLeod

Want a share in Coinsetter? Bitcoin exchange to give equity to market makers

Wall Street’s leading bitcoin exchange pursues institutional market makers with pioneering “Market Making Equity Incentive Program”

October 14, 2014 BY Andrew Saks-McLeod

TRADOLOGIC follows the FX market maker model by providing white label partners with option to offer bonuses

"Cash Back Bonus is a great strength to our product offering. The whole industry is eager to utilize the new widget as it is super attractive to their clients.” - Ilan Tzorya, CEO, TRADOLOGIC

October 13, 2014 BY Andrew Saks-McLeod

FXCM's new pricing model now in place in Australia

Raw spreads with external commission is now available to clients of FXCM's Australian operations, forming the latest move in the firm's drive toward remaining among the very upper echelons of the retail FX industry

August 01, 2014 BY Andrew Saks-McLeod

Bank of America hires former FXDD dealer as Area Vice President

Sascha Szyfman joins Bank of America's Global Technology and Operations team after three years at FXDD in New York

July 01, 2014 BY Mike Fox

Interactive Brokers sees June DARTs slighty down, balances up - H1 '14 sees growth

Interactive Brokers Group, Inc. (NASDAQ:IBKR) the USA based automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for June. Highlights for the month included: 95K Daily Average Revenue Trades (DARTs), 7% lower than prior year and 4% lower than prior month. Ending customer equity of $53.9 billion, 44% higher…

Tag: market maker