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.

Virtu Financial's (VIRT) CEO Douglas Cifu on Q4 2021 Results - Earnings Call Transcript

Virtu Financial (VIRT) delivered earnings and revenue surprises of 43.37% and 28.88%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Virtu Financial (VIRT) Q4 Earnings and Revenues Top Estimates

NEW YORK, Feb. 08, 2022 (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, today reported results for the fourth quarter ended December 31, 2021.

Virtu Announces Fourth Quarter 2021 Results

A subscriber asked me to take a look at Virtu Financial and deliver my thesis due to the relatively underfollowed state of the company. This article represents that work, and the result of my deep-dives and valuation theses. I will show you what i think about the business, its growth prospects and its valuation.

Virtu Financial - A Market Maker With A 'Buy' At The Right Price

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Virtu Financial (VIRT) issues Term Loan in a bid to obtain funds for repaying the debt level and reduce the interest burden.

Virtu Financial (VIRT) Offers Senior Secured Term Loan of $1.8B

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries successfully completed and priced its new $1.80 billion senior secured first lien term loan (the “Term Loan”) due in 2029.

Virtu Financial, Inc. Prices and Completes New Senior Secured First Lien Term Loan

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NEW YORK, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a global market maker, broker and leading provider of global financial services technology, today announced the launch of its fourth annual Women's Winternship, a one-week program aimed at introducing sophomore-level college students to a career path in financial services. Previously US-focused, this successful early talent identification program continues its evolution to also include participation by female students based in Europe.

Virtu Financial Launches Fourth Annual Women's Winternship Program, 2022

Virtu Financial's (VIRT) cost-control initiatives are likely to lower expenses and boost profit levels.

Virtu Financial (VIRT) Up 12.1% in 3 Months: More Growth Ahead?

NEW YORK, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries commenced marketing of a $1.80 billion senior secured first lien term loan (the “Term Loan”) due in 2029. The proceeds of the Term Loan will be used to repay its existing senior secured term loan in connection with a refinancing of its existing credit facilities, to fund share repurchases under the Company's authorized repurchase program and for general corporate purposes. The Term Loan will be guaranteed by Virtu Financial LLC, a subsidiary of the Company, and certain of its subsidiaries.

Virtu Financial, Inc. Commences Marketing of New Senior Secured First Lien Term Loan

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NEW YORK, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a global market maker, broker and leading provider of global financial services technology today announced the successful completion of its inaugural Global Automation Hackathon, 2021. The global event invited all employees―developers and non-developers alike―to lend their skills and draw on their expertise across all business units and geographical locations. Over 20 automation-focused teams, comprised of 50 employees, collaborated extensively to identify meaningful projects that could benefit from technological automation. Entirely employee-driven, participating teams self-organized and shared tasks in pursuit of delivering a winning solution.

Virtu Financial Announces Inaugural Internal Global Automation Hackathon Team Winners

Riding high on growth initiatives and a prolonged market uncertainty , Virtu Financial (VIRT) carries prospects to aid investors.

Why Should You Add Virtu Financial (VIRT) to Your Portfolio?

Virtu Financial (VIRT) reported earnings 30 days ago. What's next for the stock?

Virtu Financial (VIRT) Down 0.8% Since Last Earnings Report: Can It Rebound?

NEW YORK, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a global market maker, broker and leading provider of global financial services technology, today announced the expansion of its successful US Women's Winternship program with the launch of a dedicated European chapter.

Virtu Financial Expands its Women's Winternship Program to Europe

NEW YORK, Nov. 18, 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 our clients and liquidity to the global markets, congratulates Women in Finance Americas award recipients and nominees. These prestigious awards honor highly accomplished women whose entrepreneurial spirit and leadership make unique contributions to the industry.

Virtu Financial Congratulates Women in Finance Award Recipients and Nominees

NEW YORK, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity, execution services and analytics and connectivity products is honored to announce that Virtu's Triton EMS was recognized by The TRADE at its recent Leaders in Trading Awards as the Overall Outperformer (EMS) for the second consecutive year and for Best Platform Adaptability.

Virtu's Triton EMS Wins Overall Outperformer (EMS) and Best Platform Adaptability at The TRADE's Leaders in Execution Awards 2021

NEW YORK, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity, execution services and analytics and connectivity products is pleased to announce that Virtu's Triton EMS took the top ranking position for the second consecutive in The TRADE's global 2021 Execution Management Systems Survey1 .

Virtu's Triton Execution Management System Takes Top Ranking for the Second Consecutive Year in The TRADE's Global 2021 EMS Survey

Union Investment and Virtu Financial collaborate to pioneer new swaptions electronic workflow

Virtu's RFQ-hub Launches Electronic Workflow for Swaptions on CDS

Virtu Financial's (VIRT) Q3 earnings gain from lower expenses, partly offset by a soft trading volume.

Virtu Financial's (VIRT) Q3 Earnings Beat Estimates, Fall Y/Y

Virtu Financial's (VIRT) CEO Douglas Cifu on Q3 2021 Results - Earnings Call Transcript

Virtu Financial Inc (NASDAQ: VIRT) reported a third-quarter FY21 revenue decline of 17% year-on-year to $544.3 million, beating the consensus of $324.4 million. Lower trading volumes in U.S. equities drove the decrease.

Virtu Financial Shares Gain On Q3 Beat, Share Repurchase Ramp Up By $750M

Virtu Financial (VIRT) delivered earnings and revenue surprises of 14.75% and 9.16%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Virtu Financial Stock (VIRT)