Virtu Financial

Virtu Financial, Inc. engages in the provision of market making and liquidity services. It operates through the following segments: Market Making, Execution Services and Corporate. The Market Making segment engages in the buying and selling of securities and other financial instruments. The Execution Services segment agency offers trading venues that provide transparent trading in global equities, ETFs, and fixed income to institutions, banks and broker dealers. The Corporate segment consists of investments in strategic financial services-oriented opportunities and maintains corporate overhead expenses and all other income and expenses that are not attributable to the other segments. The company was founded by Vincent J. Viola and Douglas Cifu in 2008 and is headquartered in New York, NY.

Earnings data Q1 2021

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Virtu Financial reports Q4 decline but eyes growth in options and crypto markets

Virtu Financial reported a decline in Q4 2022 trading income but remains optimistic about growth prospects in options and crypto markets. The company's focus on financial prudence, cost control, and scalability underpins its performance and outlook for 2023.
Despite challenges in retail flow and FX valuation swings, Virtu Financial is committed to providing value to retail brokers and expanding its market presence. Management's confidence in becoming a designated market maker and exploring new opportunities reflects a strategic vision for future success.
With a strong emphasis on growth initiatives, cost management, and market competitiveness, Virtu Financial is poised to navigate challenges and capitalize on opportunities in evolving financial markets. The company's progress in options and crypto markets signals a strategic shift towards emerging trends.

Virtu Financial excels in Q1 2023, eyes global expansion

Virtu Financial delivered strong financial results in Q1 2023, driven by solid performance in Market Making and growth initiatives. The company's internalization strategy, diverse business model, and long-term focus are key strengths, while challenges include market uncertainties and regulatory changes.
Opportunities lie in expanding the options business, new initiatives like EDX markets, and investments in product offerings. Virtu Financial's resilience, strategic execution, and commitment to growth position it well for future success amidst evolving market conditions.
Despite challenges and uncertainties, Virtu Financial remains focused on capital discipline and sustained growth, emphasizing opportunities in global expansion and innovative product offerings. The firm's performance in various market segments and strong financial metrics underscore its competitive position and strategic vision.

Virtu Financial excels in Q2 earnings, eyes growth opportunities

Virtu Financial delivered strong financial results in Q2 2023, driven by robust trading net income.
The company's strategic focus on organic growth and diversification bodes well for future performance.
While facing challenges in cost management and market dynamics, Virtu Financial remains well-positioned for growth.

Virtu Financial excels in Q3 earnings, eyes growth opportunities

Virtu Financial's Q3 earnings call highlighted robust financial performance, strategic initiatives, and success across business segments. The company faces challenges in expense management and competitive markets but has opportunities for growth through product expansion and market flexibility.

Virtu Financial excels in Q4 performance, eyes crypto opportunities

Virtu Financial's Q4 performance showcased strength in Market Making and Execution Services, with a focus on organic growth and crypto market opportunities.
The company's financial discipline, commitment to shareholders, and strategic initiatives position it well for future growth and value creation.
Challenges lie in addressing analyst queries, optimizing expenses, and capital structure while seizing opportunities in crypto and Market Making segments.
Virtu Financial's ability to navigate challenges, capitalize on opportunities, and deliver shareholder value will be key to its future success and growth.

Virtu Financial excels in Q1, eyes crypto and options growth

Virtu Financial delivers robust Q1 results driven by strong performance in market making operations. While facing challenges from market volatility and regulatory changes, the company remains focused on capital management and growth opportunities in crypto and options markets.

Virtu Financial excels in Q2 2024, eyes growth opportunities

Virtu Financial delivered a robust performance in Q2 2024, driven by strong results in Virtu Execution Services and Market Making business.
While facing challenges in organic growth and capital return strategies, Virtu remains focused on value creation and shareholder returns.
Strategic opportunities in expanding capabilities, entering new markets, and enhancing offerings position Virtu for future growth and success.

Virtu Financial delivered a strong Q3 performance with robust earnings and solid EBITDA margin, driven by expertise in market making, especially in high-growth segments like crypto options.
While facing challenges in certain business segments and regulatory uncertainties, the company remains focused on growth initiatives and cost management to sustain profitability.
Opportunities for expansion into new markets, client segments, and technology solutions position Virtu Financial for future growth and market leadership in key trading areas.
Overall, Virtu Financial's Q3 earnings call highlighted a balanced outlook with a focus on leveraging strengths, addressing challenges, and capitalizing on growth opportunities.

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Virtu Financial, Inc. engages in the provision of trading solutions and liquidity services. It operates through the following segments: Market Making, Execution Services and Corporate. The Market Making segment involves the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment includes agency-based, execution-only trading, workflow technology, and trading analytics. The Corporate segment consists of investments in financial services-oriented opportunities and maintains corporate overhead expenses and all other income and expenses that are not attributable to the other segments. The company was founded by Vincent J. Viola and Douglas A. Cifu in 2008 and is headquartered in New York, NY.

NEW YORK, Oct.  16, 2019  (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and provide execution services and data, analytics and connectivity products, today announced the US launch of its outsourced trading business, Execution Concierge Service (ECS). Virtu’s ECS combines the full scope of Virtu’s 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. 

Virtu Announces Launch of New Outsourced Trading Service

NEW YORK, Oct.  09, 2019  (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ:VIRT) (the “Company”), a leading provider of financial services and products that leverages cutting edge technology to deliver liquidity to the global markets and provide execution services and data, analytics and connectivity products, today announced that its subsidiaries closed their previously announced incremental $525 million senior secured first lien term loan (the “Term Loan”). 

Virtu Financial Completes Incremental Senior Secured First Lien Term Loan and Redemption of Senior Secured Notes

Strengthening its Position as the Leader in Global, Broker Neutral, Multi-Asset Class TCA Strengthening its Position as the Leader in Global, Broker Neutral, Multi-Asset Class TCA

Virtu Financial Launches New FX and FI TCA Models

NEW YORK, Sept.  16, 2019  (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a leading provider of financial services and products that leverages cutting edge technology to deliver liquidity to the global markets and provide execution services and data, analytics and connectivity products, today announced that its subsidiaries priced successfully their previously announced marketing of an incremental $525 million senior secured first lien term loan (the “Term Loan”).  The Term Loan will be priced at LIBOR plus 350 basis points and will mature on March 1, 2026, the same date as our existing term loan.  The Company has also entered into a five-year $525 million floating to fixed interest rate swap agreement that will effectively fix our interest payment obligations on the incremental Term Loan financing at 4.8% through September 2024, subject to customary terms and conditions including the closing of the incremental Term Loan.

Virtu Financial, Inc. Prices Senior Secured First Lien Term Loan to Redeem Senior Secured Second Lien Notes Due 2022

NEW YORK, Sept.  09, 2019  (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a leading provider of financial services and products that leverages cutting edge technology to deliver liquidity to the global markets and provide execution services and data, analytics and connectivity products, today announced that its subsidiaries commenced marketing of a $525.0 million senior secured first lien term loan (the “Term Loan”) due in 2026. The proceeds of the Term Loan will be used to redeem the senior secured second lien notes due 2022 (the “Existing Notes”) of VFH Parent LLC and Orchestra Co-Issuer, Inc. (together, the “Issuers”).

Virtu Financial, Inc. Commences Marketing of Senior Secured First Lien Term Loan to Redeem Senior Secured Second Notes Due 2022

Virtu Financial (VIRT) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.

Why Virtu Financial (VIRT) Could Be Positioned for a Slump

CEO of Virtu Financial Inc (30-Year Financial, Insider Trades) Douglas A Cifu (insider trades) bought 10,000 shares of VIRT on 09/04/2019 at an average price of $18.58 a share.

Virtu Financial Inc (VIRT) CEO Douglas A Cifu Bought $185,800 of Shares

Virtu Financial Inc. said Wednesday it has appointed Brett Fairclough to the role of chief operating officer and global head of business development.

Virtu names Brett Fairclough COO, says Alex Ioffe will be CFO

NEW YORK, Sept.  04, 2019  (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver liquidity to the global markets and provide execution services and data, analytics and connectivity products, today announced new executive hires and changes to its leadership team.

Virtu Announces Expansion of Executive Team and CFO Transition

J.P. Morgan upgraded Virtu Financial. The firm expects the stock to rebound after falling more than 25% this year.

JP Morgan upgrades Virtu Financial, says stock will rebound after rough year

GL vs. VIRT: Which Stock Is the Better Value Option?

Calmer markets weighed on the trading firm's profits.

Why Virtu Financial Stock Plunged Today

Virtu Financial, Inc. (VIRT) CEO Douglas Cifu on Q2 2019 Results - Earnings Call Transcript

Virtu Financial (VIRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Virtu Financial (VIRT) Q2 Earnings Expected to Decline

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Why MarketAxess Holdings Stock Climbed 13% in April

Virtu Financial, Inc. (VIRT) CEO Douglas Cifu on Q1 2019 Results - Earnings Call Transcript

Virtu Financial (VIRT) delivered earnings and revenue surprises of -15.00% and -10.51%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Virtu Financial (VIRT) Q1 Earnings and Revenues Miss Estimates

MarketAxess ties up with Virtu for gaining access to ETFs and new trading tools.

News for Virtu Financial Stock (VIRT)