Welcome to our dedicated page for Virtu Financial news (Ticker: VIRT), a resource for investors and traders seeking the latest updates and insights on Virtu Financial stock.
Virtu Financial, Inc. reports developments across a technology-driven trading business that provides market making and execution services in global, multi-asset markets. Its Market Making segment commits capital on a principal basis in cash, futures and options markets across equities, fixed income, currencies, cryptocurrencies and commodities. Its Execution Services segment provides agency trading, trading venues, proprietary technology, workflow tools, analytics and capital markets agency services for at-the-market offerings and buyback programs.
Recurring news includes quarterly and annual results, trading income by segment, adjusted trading and EBITDA metrics, dividend and share repurchase actions, and client or product updates for trading technology such as Triton, Virtu's multi-asset execution management system.
Virtu Financial, a top global provider of financial services, announced CEO Douglas Cifu will join a virtual discussion at Piper Sandler’s Global Exchange and FinTech Conference on June 9, 2021, at 4:00 pm ET. The event aims to discuss innovative trading solutions and market liquidity. Interested parties can access the live session and a replay for 90 days via the company's website. Virtu offers a wide range of trading services across numerous venues worldwide, leveraging advanced technology in multiple asset classes.
Virtu Financial (NASDAQ: VIRT) announced that Simone Turtle has received the Individual Achievement Award from Women in Finance Asia. This award recognizes outstanding women in the finance industry for their leadership and contributions. Simone, based in Sydney, has excelled in executing trades for large institutional clients in the APAC region. Chief Executive Officer Douglas Cifu praised her dedication to client advocacy and diversity in the workplace. Virtu expresses gratitude for her impactful role in the firm and the broader financial services sector.
Virtu Financial (NASDAQ: VIRT) reported a record 1Q 2021 performance for its RFQ-hub platform, with a 37% increase in single stock options trading volume. The platform achieved a notional trading volume of €24.6B (US$29.7B). Enhanced operational efficiency and transparency are attracting asset managers to use RFQ-hub for derivatives transactions. The company emphasizes its commitment to improving client solutions with new infrastructure and features, including a new swaptions module, positioning RFQ-hub as a leading electronic derivatives trading platform.
Virtu Financial announced a robust performance for Q1 2021, reporting a net income of $409.2 million and record total revenues of $1,012.6 million. The Normalized Adjusted EPS was $2.04, slightly down from $2.05 in the previous year. Despite a 7.2% drop in Adjusted Net Trading Income, the company authorized an additional $300 million for share repurchases, increasing total authorization to $470 million. A quarterly dividend of $0.24 per share was also declared, payable on June 15, 2021.
Virtu Financial (NASDAQ: VIRT) has appointed Joanne M. Minieri as an independent director, effective immediately. With over 37 years in senior leadership roles in real estate and financial services, Ms. Minieri's expertise includes professional accounting and consulting. Chairman Robert Greifeld emphasized her capability to enhance shareholder value and support the company's growth initiatives. Currently, she serves as Senior Executive Vice President at RXR Realty and holds a CPA. Her extensive operational experience is anticipated to benefit Virtu as it pursues its growth targets.
On April 6, 2021, Virtu Financial (NASDAQ: VIRT) appointed Mary Mooney and Raya White as Co-Chief People Officers. Their focus will be on fostering a people-first culture through employee development, mentorship, and diversity programs to attract and retain talent. CEO Douglas A. Cifu emphasized their roles in reflecting the company's values of inclusivity and merit. Mooney has a strong background in operations and human resources, while White, with tech experience from Apple, will enhance recruiting efforts. Virtu continues to leverage technology for global financial services.
Virtu Financial, Inc. (NASDAQ: VIRT) announced the passing of board member Jack Sandner on March 12, 2021. Sandner was a longstanding advisor and mentor, instrumental to the firm's growth since its IPO in 2015. His contributions as a board member, particularly on the Audit and Compensation Committees, were highly regarded by Virtu's leadership, including Chairman Emeritus Vincent Viola and CEO Douglas Cifu. Virtu continues to leverage technology for innovative financial services across global markets.
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Virtu Financial (Nasdaq: VIRT) will announce its Q1 2021 financial results on May 4, 2021, before U.S. market opens. The company will hold a conference call at 8:30 a.m. Eastern Time to discuss these results. Investors can access a live webcast of the event on the Investor Relations section of its website. Virtu Financial is known for leveraging technology to provide innovative trading solutions and liquidity across global markets.
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