VirtCoin has no relationship, connection, or affiliation to Virtu Financial. Virtu has notified the appropriate authorities and intends to commence all necessary legal actions to defend itself from any attempt to infringe on its trademarks and intellectual property.
Virtu's comment letters on the SEC's proposals are now available on our website. Click here to read our complete breakdown of how we believe these proposals could harm liquidity and reduce competition.
Growing Consensus Supports Phased & Limited SEC Reforms.
Except for enhancing Rule 605 & quoting tick-constrained symbols in half-pennies, there is broad opposition to Gensler’s proposals. Click here for a summary & links to the full the comment letters.
Virtu $VIRT becomes one of the first to receive HST registration.
"Virtu’s early HST registration demonstrates our commitment to transparency across the more than 235 markets in which we trade around the world"
Meet our new Co-Chief People Officers, Mary Mooney and Raya White, who will combine their expertise to develop and enhance Virtu’s people-first culture through employee development, mentorship, diversity and inclusion, and leadership programs.
#diversity
#culture
#virtutogether
In lieu of celebrating the holidays in person with our colleagues this year, our leadership team decided to redirect funds spent on holiday parties to local food pantries/charities around the world, including
@cityharvest
, to make the holidays a little brighter for those in need
A huge thank you to
@VirtuFinancial
& their volunteers for helping City Harvest give out turkeys (and all the fixings) to over 200 families in Bed-Stuy, Brooklyn! You helped make Thanksgiving possible for hundreds of New Yorkers!
#WeAreCityHarvest
@Dougielarge
The SEC’s proposal to amend Rule 3b-16 and Reg ATS exceeds its statutory authority by, among other things, failing to justify the need for the proposed changes or identify a market failure that needs to be addressed.
Read our letter >
Virtu has been shortlisted for the Best large-cap provider and Best dark pool capabilities categories in
@theTRADEnews
Algorithmic Trading Awards.
More >
Virtu Financial CEO, Douglas Cifu, joins International Swaps and Derivatives Association (ISDA) CEO, Scott O’Malia, for a fireside chat at the ISDA 2023 General Meeting tomorrow.
Virtu's CEO, Douglas Cifu, will be interviewed by Piper Sandler's Richard Repetto at the STA Market Structure Conference tomorrow in Washington DC. Doug will give his assessment on the state of the equity markets and address some concerns expressed by our industry's regulators.
We are honored that Virtu's Triton EMS has won
@theTRADEnews
awards for Overall Outperformer and Best Customer Support
#LiTDX
See Mike Loggia, Global Head of Workflow Solutions, discuss recent developments in the
#EMS
landscape here>
"I am excited to welcome Virginia Gambale to our Board of Directors," said Doug Cifu, Virtu CEO. "With an impressive track record of experience and success in both finance and technology, we have no doubt she’ll bring tremendous value to our board."
Virtu CEO Doug Cifu is participating at the SEC’s Investor Advisory Committee meeting at 1pm ET today to talk about execution quality for retail investors.
Watch the webcast online
We think technology should be for everyone and today kicks of our afterschool Python programming program with Cathedral High School in urban South End, Boston. Let’s get coding!
@CHSBoston
#VirtuTogether
This significant acquisition underscores our commitment to our Institutional Client business – and is a natural next step in expanding our transparent global technology, analytics, and liquidity solutions for our clients.
So proud to see our own Mary-Anne Peril winning the "Excellence in Trading" award from Women in Finance Asia - Market Choice Awards
#WomenInFinance
#marketsmedia
Congratulations!
Robinhood CEO
@vladtenev
sat down with
@Dougielarge
to talk about market making and how the services we provide benefit retail investors and the markets as a whole.
Listen to the Under the Hood podcast >
Kevin O’Connor, Head of Analytics and Workflow Solutions, walks through the evolution of TCA over the last 20 years, our move into Big Data and our future plans. Read here>
@FIXGlobalOnline
Please join
@ltabb
, Bloomberg Intelligence head of market structure research, and
@Dougielarge
, CEO of
@VirtuFinancial
, on Tuesday, Feb. 23 at 11am ET for a discussion on the direction of retail trading and execution. Register here:
In 2018, $VIRT demonstrated the durability of our model and the ability to generate strong earnings and cash flows even in less than ideal environments, and also outperform when market conditions are more favorable.
"We believe Virtu is positioned uniquely as the only firm with the ability and scale to provide institutional agency algos and routing, principal liquidity, and retail wholesale execution services." $VIRT CEO, Douglas Cifu
"Our strong performance in 4Q’17 demonstrates that this combined entity can generate profitable results in a variety of market operating environments.” $VIRT CEO, Douglas Cifu
The conditional order type is a useful and efficient tool for sourcing block liquidity. In this paper, we seek to provide more clarity on conditional order function and the benefits in the context of a block-seeking algorithmic order.
Read the paper >
“We continue to overachieve; our expenses, beating prior guidance for the first-half of 2018 by $29 million, or 11%. We will achieve $338 million in total run rate synergies, or 44% of the combined expense base.” $VIRT CEO, Douglas Cifu
Congrats to
@Grayscale
on today’s decision. Virtu agrees with the court’s ruling that the SEC’s “denial of Grayscale’s proposal was arbitrary and capricious…”. We remain supportive of data driven regulation.
Great to have you onboard, Claudine Gallagher
@BNPParibas
& Joseph Molluso
@VirtuFinancial
. We look forward to working with you in the coming years. –Mike
What are the potential impacts facing North American asset managers as a result of Brexit? Our experts address this in our latest Virtu U -->
@SnackableAI
Fixed Income Analytics has come of age and continues to evolve. We believe that model-based metrics are particularly relevant as they enable traders and PMs to extract actionable insight from an often fragmented market data space.
Read the article >
According to Virtu’s Global Cost Review, which captures the trading cost of 200 buy-side firms, US spreads and volatility increased in Q4 following multiple quarters of an improved trading environment.
Request the full report >
“We repaid another $50M of long-term debt since our last call. In the 1 year since the merger, we have repaid $676M – putting us well ahead of our targets for debt repayment that we announced at the time of the merger.” $VIRT CFO, Joseph Molluso
Virtu Financial congratulates its nominees and recipients of this year’s
@marketsmedia
Women in Finance awards. Ellyn Coyne, Laine Litman, Tara Muller, & Christy Oeth
Attention Bisons! Come learn about a rewarding career at Virtu Financial by visiting our booth at the Howard University career fair today. Find us on Handshake
#HireaBison
#HU21
#HU22
#HU23
#HU24
From Day 2 of our
@WiDS_Worldwide
event, Virtu's Head of User Experience Design delights us with an out-of-this-world Intro to Data Visualization. Register for Day 3 and 4 here -->
Conditional Orders are widely adopted as a tool to combat fragmentation, yet their microstructure remains misunderstood. Our paper covers the order type’s practical use, adds context to common perf. metrics and suggests standards for evaluating results.
“We are raising our expense synergy guidance for the second half of 2018 and for the full year 2019 based on our recent over performance” $VIRT CFO, Joseph Molluso
Exciting news for RFQ-hub - confirming its position as a leading platform for delivering competitive liquidity and supporting electronic derivatives trading
Virtu is excited to announce the hiring of Jessica Morrison to lead our Execution Services team in the APAC region, a highly respected industry expert on market microstructure and electronic trading
The SEC's Share Repurchase proposal & aspects of the 10b5-1 proposal represent paternalistic attempts by the SEC to have a seat at the table in corp decision-making.
The proposals are inappropriate exercises of SEC authority & should be abandoned.
The Securities and Exchange Commission today announced that it has voted to adopt amendments that will require broker-dealers to disclose to investors new and enhanced information about the way they handle investors’ orders.
Mary-Anne Peril knows what it takes to be a true leader and inspire others. Recognized problem solver & thought partner by our clients, she helps drive the success of our thriving Execution Services business in Australia.
#IWD21
#ChooseToChallenge
#WomenOfVirtu
"Our philosophy is, and always has been, to earn a commission by delivering quality execution and great client service. Our global presence, efficiency and technological scale enables us to narrowly focus on this objective” - Steve Cavoli, Global Head of Virtu Execution Services
Peer inside the mind of Bride, our lead user experience (UX) designer, and you'll discover the magic that makes our products work. Melding thousands of trading needs and goals into Virtu technology, she helped create Portal—a total game changer for TCA and traders
#IWD2021
Culture starts at the top and shouldn't stop there. We're humbled by the top-notch applicants that apply for our annual Winternship and impressed with how much they bring to the table.
Nothing at all!
@GunjanJS
Every dollar we pay for over-priced market data or connectivity is one less dollar available for price improvement. This is a classic example of how noncompetitive pricing hurts end investors
What's wrong with being a cost-cutting organization?
“Virtu is notorious for being a cost-cutting organization,” Stacey Cunningham, NYSE’s president, said in an interview. via
@davidamichaels
Triton EMS received the top score for the second consecutive year. Buy-side participants were asked to rate 15 EMS providers across 13 functional criteria―and Triton outperformed the survey average in all categories
Read the press release >
Virtu's new Algo Wheel whitepaper explores best practices to optimize broker performance and leverages over two years’ worth of peer data—featuring 11+ million algo orders from 230+ clients across 63 brokers.
Click here to request your copy >
Triton EMS received the top score for the third consecutive year in The TRADE's annual EMS survey of 600+ buy-side participants from 395 firms across the globe.
Press Release:
$1.188M buys enough cable to stretch from Carteret, NJ to Madison, WI. The market is not asking exchanges to give prop data away for free – just to align pricing to actual costs
Virtu CEO Doug Cifu to participate in fireside chat with
@JustinRBLT
at the Rosenblatt Securities Annual Global Exchange Leader Conference on Thursday, September 23, 2021.
"Virtu, as a global leader in electronic market
making and execution services, is uniquely positioned to contribute to and benefit from Eris’s growth" Doug Cifu, CEO of Virtu Financial $VIRT
BlueCrest and
@VirtuFinancial
join
@ErisFutures
as equity partners as we continue to build market participation ahead of the Q4 move of Eris Swap Futures to
@CMEGroup
Read the full press release.
Come visit our virtual booth at the
#FIXEMEA2020
conference. Plus our own Rob Boardman will be moderating the panel on "Evaluation of Liquidity, Performance and Service"
The current US equities market structure provides meaningful and measurable benefits to retail investors – yet the current Rule 605 significantly understates these benefits.
#Reform605
Learn more>
We are very pleased to welcome Joanne Minieri to our Board of Directors. We look forward to benefitting from Joanne’s extensive operational experience across financial services as we continue to execute on our growth targets.
Join us for the inaugural Women in Data Science virtual conference! Industry leaders, clients and Virtu employees share their experiences and skillsets for today’s ever demanding data landscape
#VirtuDiversity
@WiDS_Worldwide
“We just repaid another $100M on our term loan which brings total repayments to $626M, reducing interest expense by $35M/yr.” - $VIRT CEO, Douglas Cifu
Excited to announce our 3rd Annual Women's Winternship kicking off today. This program has been a tremendous success as we seek aspiring talent and continue to build diversity and a strong pipeline of female candidates.
#VirtuDiversity
Virtu Announces Launch of New Outsourced Trading Service, that includes multi-asset, broker-neutral technology platforms, trading tools and analytics, high-touch trading services and global client coverage—into one solution for the entire trade lifecycle.
Virtu Expands its Broker-Neutral FX Offering - Enhancements to FX Products and Services Create a One-Stop Solution for Buy-Side Clients, Spanning the Full FX Execution Lifecycle
We are launching the European chapter of our successful Women’s Winternship program―a multi-day program aimed at introducing second-year undergraduate students to a career path in the financial services industry.
Read the press release >
Congratulations to Kayla Mortello for her Rising Star award from Women in Finance Americas! Your tenacity, drive and tireless work ethic are an inspiration
#VirtuDiversity
#VirtuTogether
Congratulations to Simone Turtle who won the Individual Achievement Award from Markets Media Women in Finance Asia.
Simone sets as an example at Virtu and the financial services industry as a whole.
Read the press release >
Learn how Virtu is delivering new tools for Asia-Pacific and helping to bring more liquidity and sophistication to dark pool trading in the region in this
@WatersTech
article.
Sign up to read >
Buy-sides can select Virtu as their sponsor broker. Our dark aggregator algorithm, now includes BIDS Canada in its routing logic. Having access to all available venues enables Virtu’s algorithms to help meet the execution objectives of our end clients.