Tag: Virtu Financial

Virtu Financial

Virtu Expands Broker-Neutral FX Offering

Virtu Financial today announces several product and service enhancements in its broker-neutral FX offering, supporting the firm’s aim to deliver a one-stop solution for buy side FX execution. Virtu’s new offerings include an execution management platform for FX, broker-neutral access to dealer liquidity, FX trade analytics and data, as well as FX post-trade services. The […]

Virtu Launches Prism Frontier TCA for Traders

Virtu Financial, which provides trading technology and liquidity, announced the continued expansion of its execution services offering with the launch of Prism Frontier, a post-trade analytics tool designed to provide transparency and forensics around client executions. Last month, Virtu released a TCA product for FX algo execution. In order to perform meaningful analysis of execution […]

Virtu Releases New TCA for FX Algos

Virtu Financial today announces the expansion of its global TCA offering with the launch of a new analytics product dedicated to FX algorithmic execution. As consumers of its own products, Virtu says it incorporates firsthand learning into its analytics tools that are designed to assist clients in analysing their trading decisions. Drawing on its scale, […]

And Another Thing…

Earlier this month, Virtu Financial announced it was rolling out a data analytics service, it was one of several initiatives launched by the firm since the acquisition of ITG and is yet another example of how the non-bank market making segment is seeking to evolve and, as a result of that evolution, move closer to […]

Virtu Appoints Molluso, Fairclough as Co-Presidents

Virtu Financial today announced the appointments of Brett Fairclough and Joseph Molluso as co-presidents and co-chief operating officers. Molluso re-joins Virtu after a brief period away from the company. Fairclough was promoted to COO and global head of business development at Virtu in September 2019. He has been with the firm since 2007, leading the Asia […]

Virtu Launches Outsourced Trading Service

Virtu Financial has announced the US launch of its outsourced trading business, Execution Concierge Service (ECS). The firm says the new service combines the full scope of its execution services offering – 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. “When […]

What is the Truth About FX Market Liquidity?

Ask three different people in the FX market what liquidity conditions are like today and you might get three very different answers. For example, one person might argue that there is less liquidity in the market today as regulations have seriously hampered both the ability and willingness of many banks to hold significant risk. On […]

Analysing the Implications of Citi’s FXPB Cull

The news this week that Citi served a 90-day notice to the largest non-bank market making firms in FX – including Jump Trading, XTX Markets, Virtu Financial, HC Technologies and, at an earlier point in time, GTS – that it is no longer willing to offer them FX prime brokerage (PB) services, certainly got tongues […]

Virtu Pays $1 Billion for ITG

Virtu Financial has continued to expand its business by entering into a definitive agreement to acquire Investment Technology Group (ITG) in a cash transaction valued at $30.30 per ITG share, for a total of $1 billion. The deal has been rumoured for several months, as reported by Profit & Loss in October.
Describing what it terms as a “significant acquisition” Virtu says the deal underscores its commitment to its institutional client franchise and is a natural next step in its growth.