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 (NASDAQ: VIRT) has received multiple recognitions at The TRADE Leaders in Trading Awards 2024, demonstrating its excellence in trading technology. At the European ceremony, the company secured awards for Best Access to Market and Best Dark Pool Capabilities.
The company's Virtu Triton EMS platform was particularly successful, winning awards for Best User Experience, Best Provider for Large Clients, and Best Provider in the UK and Europe. At the North American ceremony, Triton EMS also received recognition for Best Market Access and Best Product Adaptability.
Virtu Triton EMS is a broker-neutral, multi-asset-class execution management system offering customizable interface, analytics, and seamless integration for modern traders.
Virtu Financial (NASDAQ: VIRT) announces the recognition of two team members at the 2024 Women in Finance Americas Awards. Rachele Princiotto, Electronic Services Group Manager, received the Excellence in Service Providers Award for her leadership since joining in 2005. Lisha Qiu, Research Quant, won the Rising Star Award for her contributions since 2017. Additionally, four other Virtu employees - Ellyn Coyne, Kimberly Ding, Melissa Santoiemma, and Tori Gahagan - were nominated for awards.
Virtu Financial (NASDAQ: VIRT) reported strong Q3 2024 results with net income of $119.0 million and normalized adjusted net income of $132.1 million. Total revenues increased 12.2% to $706.8 million, while trading income rose 40.5% to $444.0 million compared to Q3 2023. The company achieved adjusted EBITDA of $214.8 million, up 54.0% year-over-year, with an adjusted EBITDA margin of 55.4%. Basic and diluted EPS were $0.65 and $0.64 respectively. The Board declared a quarterly dividend of $0.24 per share, payable December 15, 2024.
Virtu Financial (Nasdaq:VIRT), a leading global multi-asset financial services provider, has announced it will release its third quarter 2024 results on Thursday, October 24, 2024, before the US market opens. The company will host a conference call at 8:30 AM (EDT) to discuss the financial results.
A live webcast of the event will be available and later archived on the Investor Relations section of Virtu's website at https://ir.virtu.com/events-presentations. The call will be open to the public, allowing investors and interested parties to participate and gain insights into the company's performance.
Virtu Financial, Inc. (Nasdaq:VIRT) proudly announces that two of its employees have been recognized at Markets Media's European Women in Finance Awards. Trish McMenamin, Chief Compliance Officer, received the Excellence in Legal and Compliance award for transforming Virtu's Dublin-based regulatory program and fostering collaboration across global teams. Leah Goldsberry, EMEA Head of Analytics Client Coverage, was awarded the Rising Star honor for her contributions in managing key client relationships and leading Virtu's EMEA analytics team.
Rob Boardman, EMEA CEO of Execution Services at Virtu Financial, commended both women for exemplifying Virtu's commitment to excellence, innovation, and teamwork. The firm expressed gratitude for the examples Leah and Trish set at Virtu and in the financial services industry.
Virtu Financial (NASDAQ: VIRT) has announced that its Triton Valor execution management system (EMS) has established direct connectivity to CONNEQTOR, Tokyo Stock Exchange's (TSE) platform for trading exchange traded funds (ETFs). This integration allows investors to access real-time and deep ETF liquidity on the TSE.
Triton is a global, multi-asset EMS that supports trading across various asset classes and brokers. The connection to CONNEQTOR was added in response to client requests for access to new, innovative liquidity sources for ETF trading. TSE developed CONNEQTOR to facilitate large-scale transactions that were challenging to complete in auction sessions.
Virtu Financial's Triton Valor EMS has been awarded Best Equity E/OMS at the European Markets Choice Awards 2024. Triton is a global, multi-asset execution management system for trading various financial instruments across 700+ brokers and venues. It caters to all types of flow, including Care, PT, DMA, Algos, RFS, and RFQs.
In response to increased European client demand, Triton has expanded its fixed income capabilities, streamlining workflows and improving liquidity access. Virtu's focus on trade automation tools, including algo wheel, auto-router, and web-based execution planning toolkit, coupled with real-time analytics, enables clients to prioritize best-execution.
This award highlights Virtu's commitment to improving Triton's core competencies and expanding its multi-asset footprint globally.
Virtu Financial (NASDAQ: VIRT) reported strong Q2 2024 results, with net income of $128.1 million and normalized adjusted net income of $135.3 million. Key highlights include:
- Total revenues increased 36.7% to $693.0 million
- Trading income, net, rose 39.3% to $426.4 million
- Adjusted Net Trading Income up 38.2% to $385.1 million
- Adjusted EBITDA grew 78.3% to $217.5 million
The company completed a refinancing of existing debt with a new $1.2 billion term loan and $500 million in notes. Virtu also declared a quarterly dividend of $0.24 per share and continued its share repurchase program, buying back $31.0 million in shares during Q2.
Virtu Financial (Nasdaq: VIRT), a leading global financial services provider, announced its sponsorship of Maria Costa, a professional equestrian show jumper. Costa boasts multiple Grand Prix victories and Nations Cup appearances, and is training to represent the United States in upcoming international competitions, including the 2026 World Equestrian Games, the 2027 Pan American Games, and the 2028 Olympic Games. CEO Douglas A. Cifu expressed pride in supporting Costa's championship ambitions.
Virtu Financial (Nasdaq: VIRT) will release its second-quarter 2024 financial results on July 18, 2024, before the US market opens.
A conference call to discuss these results will be hosted at 8:30 AM (EDT).
A live webcast of the call will be accessible via the Investor Relations section of Virtu's website and will also be archived for future reference.
This announcement provides an opportunity for investors to gain insights into the company's performance for the quarter.