Virtu Financial
 |
|
| Public | |
| Traded as | NASDAQ: VIRT |
| Industry | Financial services |
| Founded | 2008 |
| Founder | Vincent Viola |
| Headquarters | New York City, U.S. |
|
Key people
|
Vincent Viola (Executive Chairman), Douglas Cifu (Chief Executive Officer) |
| Products | High-frequency trading,market making |
| Revenue |
 US$ 702.3 million (2016) |
|
US$ 158.3 million (2016) |
|
| Total assets |
 US$ 3.82 billion (2016) |
| Total equity |
US$ 535.8 million (2016) |
|
Number of employees
|
148 (2016) |
| Website | www |
Virtu Financial is one of the largest high-frequency trading (HFT) and market making firms. It provides two-sided quotations and trades in equities, commodities, currencies, options, fixed income, and other securities on over 230 exchanges, markets, and dark pools. Virtu uses proprietary high-frequency trading strategies based on big data to trade large volumes of securities. On March 10, 2014, Virtu Financial filed for its initial public offering, yet repeatedly delayed its IPO. On April 15, 2015 Virtu Financial successfully priced its IPO which began trading as a NASDAQ-listed public company on April 16, 2015.
Based in New York City, Virtu was founded by Vincent Viola, a former chairman of the New York Mercantile Exchange and current owner of the Florida Panthers. Douglas Cifu, Virtu’s CEO since October 2013, co-founded Virtu with Viola in 2008. Cifu is also a co-owner of the Florida Panthers with Viola and serves as the Panthers’ alternate governor. Prior to co-founding Virtu, Cifu was a partner at the international law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he practiced corporate law from 1990 to 2008.
The company suggested standards for electronic firms that call themselves market makers. Virtu believes market makers should be obligated to quote at or near the inside of the national best bid and offer throughout the day and quote at various price points in a number of different securities. Virtu was ranked as one of the five largest high-frequency traders of equities in Europe in 2011.
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Wikipedia