Virtu Financial sees 17% trading income decline in Q2 to $507 million LeapRate

July 27, 2023 BY Steffy Bogdanova

Virtu Financial sees 17% trading income decline in Q2 to $507 million

Moreover, Virtu Financial disclosed that its adjusted net trading income saw a 22% drop, reaching $278.7 million during the last quarter, down from the $357.4 million recorded in the second quarter of 2022. Furthermore, the electronic market maker's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $122 million, which represents a 43%…

April 24, 2023 BY Steffy Bogdanova

Michael T. Viola to succeed Robert Greifeld as chairman of Virtu Financial

Douglas Cifu, Chief Executive Officer and Co-Founder of Virtu Financial, highlighted that Greifeld’s tenure at Virtue included a period of significant growth for the company, including their acquisition of KCG Holdings and ITG, Inc. Vincent J. Viola, Chairman Emeritus and Founder of Virtu, said: Having Bob as Chairman during this period of time at Virtu…

April 17, 2023 BY Steffy Bogdanova

Appital announces integration with Virtu Financial’s Triton Valor EMS

Brian Guckian, Chief Development Officer of Appital, said: We are very excited to add Virtu’s Triton Valor to our community of EMS partners. Its users are now able to originate bookbuilds and participate in price formation opportunities in a market for size that is relevant to them. Melissa Ellis, Head of European Workflow Sales, at…

January 11, 2022 BY Steffy Bogdanova

Virtu Financial warns against crypto scams

Virtu continued: If you have been contacted by any person(s) purporting to be acting on behalf of or in connection with Virtu to trade cryptocurrency, be aware that these individuals are not authorized representatives of Virtu. The company also noted that victims of such fraudulent actions can contact their local FBI office. Virtu Financial highlighted…

December 20, 2021 BY Steffy Bogdanova

Jane Street and Virtu Financial join TP ICAP digital assets platform as liquidity providers

Simon Forster, Co-Head of Digital Assets at TP ICAP, said: TP ICAP has long standing relationships across multiple asset classes with both Jane Street and Virtu. We have been working with the Digital Assets teams of these businesses for some time so bringing their expertise and spot liquidity into our ecosystem is a natural evolution…

September 18, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Plus500's investors deny Group CFO bonus, ISRA's Jeff Wilkins speaks about P&L and risk

CLS, the market infrastructure provider of risk mitigation services to the global FX market, has released its operating metrics for August 2020. The average daily traded volume submitted to CLS was USD1.649 trillion, down 0.5 percent from USD1.657 trillion in July 2020. Global technology provider First Derivatives announced the appointment of Steve Fisher as a Non-Executive Director of…

September 15, 2020 BY Steffy Bogdanova

Virtu Financial expands its services offering with Prism Frontier TCA for traders

Steve Cavoli, Global Head of Virtu Execution Services commented: Virtu's algos don’t over-complicate the task they've been assigned. They digest massive quantities of market data, in real-time, and make appropriate decisions. When the trade is complete, Prism makes it easy to review the results. This is TCA for a trader. It’s a practical review of…

Virtue Financial appoints Akiko Imai as Global Head of New Sales

June 24, 2020 BY Steffy Bogdanova

Virtu Financial appoints Akiko Imai as Global Head of New Sales

Imai will also oversee global sales efforts for POSIT Alert and report directly to Brad Johmann, Global Head of Posit Alert and Stephen Cavoli. Imai started her career in Hong Kong in 2013 at ITG as the first hire for POSIT Alert Asia-Pacific Sales & Coverage desk and later becoming head of the department. She…

May 22, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Ban of short-selling suspended, FXCM launches Stock Baskets

Technology provider AMTS Solutions considerably expanded its range of product offerings with the launch of MetaTrader 5 gateways to dozens of liquidity providers, including prominent providers like LMAX, CFH, IG, Barclays, J.P. Morgan and Morgan Stanley. eWarrant Japan Securities K.K. launched MetaTrader 5 for Nikkei and Dow Jones indices trading. The company implemented its services…

May 21, 2020 BY Steffy Bogdanova

Virtu Financial launches its new data-as-a-service platform Open Technology

Kevin O’Connor, head of Virtu’s broker-neutral Analytics and Workflow Technology division said: Our new product, Open Technology, is just one of the many new offerings that have come out of our multi-year infrastructure rebuild. At launch, the initial set of APIs address client demand for direct access to the data underlying their transaction cost analysis…

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