Virtu Financial Stock Price, News & Analysis

Virtu Financial, Inc. (NASDAQ: VIRT) reported strong second quarter results for 2022, showcasing a net income of $148.9 million, up from $108.9 million a year prior. Total revenues reached $604.7 million, a 10.2% increase compared to $549.0 million in Q2 2021. Trading income rose to $395.9 million, while Adjusted Net Trading Income was $357.4 million. The company declared a quarterly cash dividend of $0.24 per share, payable September 15, 2022. Share buybacks amounted to $47.5 million.

Virtu Financial, a leader in financial services, will announce its Q2 2022 results on July 28, 2022, before the US market opens. A conference call will take place at 7:30 AM EDT to discuss these results, accessible via a live webcast on their Investor Relations page. Virtu's services include innovative trading solutions and liquidity provision across multiple asset classes and venues globally, enhancing market efficiency and transparency.

Virtu Financial, Inc. (NASDAQ: VIRT) announced that CEO Douglas A. Cifu will participate in a fireside chat at the Piper Sandler Global Exchange & Brokerage Conference on June 8, 2022, at 3:30 PM ET. The conference aims to discuss Virtu's innovative trading solutions and liquidity services. Investors interested in the event can access a live webcast through the Investor Relations section of Virtu's website. A replay will be available shortly after the event.

Virtu Financial announces the formation of RFQ-hub Holdings LLC, a consortium aimed at creating a global institutional multi-asset RFQ platform. The initiative includes notable liquidity providers such as Citadel Securities, Flow Traders, Jane Street Capital, and BlackRock, with MarketAxess acquiring a significant minority stake. The RFQ-hub platform seeks to enhance liquidity for institutional investors and streamline trading in equities, fixed income, derivatives, and ETFs. This consortium is positioned to foster global expansion and improve execution for institutional clients.

Virtu Financial, Inc. (NASDAQ: VIRT) reported a 30.7% decline in total revenues to $701.3 million for Q1 2022, attributed to lower U.S. equity trading volumes. Net income fell 51.1% to $199.9 million, with basic earnings per share of $0.99. Adjusted EBITDA decreased by 39.1% to $343.8 million, reflecting a 35.7% drop in net trading income. Despite these declines, the company declared a quarterly cash dividend of $0.24 per share and engaged in share buybacks totaling $287.2 million.

Virtu Financial (Nasdaq:VIRT) will announce its Q1 2022 financial results on April 28, 2022, before the US market opens. The company will hold a conference call at 07:30 AM (EDT) to discuss the results, which will be publicly accessible through a live webcast. Virtu is recognized for its innovative trading solutions and advanced technology, providing liquidity across global markets with a diverse product suite. Clients can trade across various venues and asset classes, benefiting from Virtu’s robust analytics and compliance tools.

Virtu Financial (NASDAQ: VIRT) announced a non-exclusive cooperation agreement with Arqaam Capital to deploy its global equity execution algorithms in MENA markets. Arqaam will offer market access and expertise, allowing both firms' clients to leverage advanced trading solutions. This collaboration aims to enhance execution options for clients, demonstrating Virtu's commitment to the region. Virtu's algorithms received top ratings in The TRADE’s 2020 Algorithmic Trading Survey, highlighting their effectiveness in competitive environments.

Virtu Financial (Nasdaq: VIRT) announced its third Women in Data Science conference, hosted virtually from March 8-10, 2022. This initiative aims to promote women's equity in technology, featuring speakers from organizations like NASA and Spotify. Attendees can engage in thematic discussions on data science's role in science and space exploration and network with professionals in the field. Virtu emphasizes its commitment to fostering a diverse, inclusive workforce and leveraging technology to empower individuals in the data science domain.

Virtu Financial reported its fourth-quarter and full-year results for 2021, showing a net income of $186 million for Q4, and $827 million for the full year, down from $1.12 billion in 2020. Q4 total revenues increased by 4.3% to $705.6 million, while full-year revenues fell by 13.2% to $2.81 billion. Earnings per share were $0.90 basic and $3.95 for the year, with a quarterly cash dividend of $0.24 declared. The company conducted share buybacks totaling $101.6 million in Q4 and $405.2 million for the year.