NEW YORK, July 14, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, will announce its results for the second quarter 2021 on Wednesday, August 4, 2021 before the US market open.
NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) a leading provider of global, multi-asset, financial services and products across the complete investment cycle, today announced that Virtus US POSIT alternative trading system (ATS) will make changes to its manner of operation, including new matching rules and the introduction of subscriber segmentation. The changes to POSIT ATS include:
HFT Giant To Challenge Citadel''s Dominance Of Retail Stock Trading By now it''s common knowledge that the golden goose that powers the tremendous revenue and cash flow juggernaut of HFT giant Citadel, which resulted in record EBITDA of $4 billion last year, more than doubling the prior year results ... not to mention the driving force behind Ken Griffen''s mansion and artwork collection, is Citadel''s near monopoly when it comes to controlling retail orderflow in the US: Citadel Securities estimates that it commands 27% of equity volume market share in the U.S., up from 21% in 2017 a recent loan private presentation revealed ; the company is especially dominant in retail order flow, with 46% of the market. There''s more: according to Bloomberg, Citadel''s EBITDA for Q4 was $1 billion and a whopping $4.1 billion for the year, also a record. It also means that Citadel has an EBITDA margin of more than 60%, an unprecedented number even for a high-margin brokerage. So seeing how Citadel''s near-monopoly of this particular corner of the market had led to such staggering monetary gains, we were always confused why there is so little competition in the retail orderflow business.
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Pyth seeks better ways to distribute precise, real-time market data using high performance blockchains.
Virtu Financial to publish market data across equities, FX, futures and crypto on the Pyth Network for sophisticated asset pricing and consumption by smart contract Virtu Financial to publish market data across equities, FX, futures and crypto on the Pyth Network for sophisticated asset pricing and consumption by smart contract
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The frenzied exercise involving so-called meme shares is being pushed by extra than simply retail traders, the CEO of market maker Virtu Financial informed CNBC on Wednesday. Theres numerous establishments, skilled merchants, speculators, no matter you need to name them, engaged on this in each the money equities market and the choices market, Virtus Doug  The post Meme inventory frenzy not solely pushed by retail merchants: Virtu CEO Cifu appeared first on News For Forex .
The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. Theres a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities market and the options market, Virtus  The post Meme stock frenzy not solely driven by retail traders: Virtu CEO Cifu appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
"There's a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this," Virtu Financial CEO Doug Cifu told CNBC.
"There''s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this," Virtu Financial CEO Doug Cifu told CNBC.
SEC Launches Review Of High-Frequency Traders'' Market Abuses Nearly 8 years have passed since Michael Lewis published "Flash Boys", raising awareness of the relatively new practice of high-frequency trading and its transformative impact on markets, allowing the most technologically-advanced traders to effectively see a picture of the market that''s nanoseconds ahead of what their non-NFT peers see, giving them a massive advantage. Now, the SEC is finally considering changing the rules of how stocks are priced and traded to stop exchanges from incentivizing brokers (nowadays, particularly retail trading brokerages that have seen an explosion of activity in the past couple of years). The news has slammed shares of HFT market-makers including those of Virtu, the biggest electronic market-maker. Citadel, the hedge fund that has a separate market-making business that purchases order flow from Robinhood, also could be hurt by the new rules. A few months ago, after Robinhood and its rivals cut off trading in Gamestop, prompting the stock to crater (as thousands of furious GME bulls claimed), we explained how Robinhood receives payment from Citadel and a handful of other major HFT market makers allowing them to front-run retail order flow and guarantee profits.
Virtu Financial to Participate in Piper Sandler''s Global Exchange and FinTech Conference on June 9, 2021 GlobeNewswire
NEW YORK, June 03, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) (Virtu or the Company), a leading global provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, today announced that its CEO Douglas Cifu will participate in a virtual discussion with Richard Repetto at Piper Sandlers Global Exchange and FinTech Conference on Wednesday, June 9, 2021 at 4:00 pm ET.
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