Virtu Financial Stock Price, News & Analysis

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.

Virtu Financial announced a successful completion and pricing of a $1.80 billion senior secured term loan due in 2029. The loan was priced at SOFR + 300 basis points and issued at 99.75% of par, achieving a favorable rate. Proceeds will refinance existing loans, fund share repurchases, and support general corporate purposes. The loan is guaranteed by a subsidiary of Virtu Financial.

This strategic move aims to enhance the company’s financial flexibility and support its market-making operations.

Virtu Financial (Nasdaq: VIRT) has launched its fourth annual Women’s Winternship, a week-long program aiming to attract sophomore college women into financial services. Expanding from the U.S. to include European participation, the program covers topics like market structure and data analytics, featuring guidance from over 20 in-house experts. The initiative aims to enhance gender diversity in the field and has previously led to summer internships and full-time roles for participants. This effort reflects Virtu's commitment to fostering a collaborative and innovative work culture.

Virtu Financial warns the public about rising cryptocurrency scams involving fraudulent offers and communications falsely claiming affiliation with the company. The firm emphasizes that it does not open accounts for individual investors to trade cryptocurrencies, securities, futures, or commodities, and does not accept money from the public for trading. Victims of such scams are urged to report to the appropriate authorities. Additionally, Virtu is prepared to take legal action to protect its intellectual property.

Virtu Financial will announce its fourth quarter 2021 results on February 8, 2022, before the US market opens. A conference call to discuss these results will take place at 8:30 am ET. The call will be publicly accessible via a live webcast, which will also be archived on the company's Investor Relations website.

Virtu Financial is a key player in the financial services industry, offering innovative trading solutions and liquidity to global markets, leveraging advanced technology across various asset classes.

Virtu Financial, Inc. (NASDAQ: VIRT) announced the commencement of marketing a $1.80 billion senior secured first lien term loan due in 2029. The loan will refinance existing debt, fund share repurchases, and support general corporate purposes. Guaranteed by Virtu Financial LLC and its subsidiaries, this move is part of a strategy to enhance liquidity and financial stability. The company emphasizes the uncertainties associated with forward-looking statements regarding this financial transaction.

Virtu Financial (Nasdaq:VIRT) successfully completed its inaugural Global Automation Hackathon 2021, engaging over 50 employees in 20 teams. The event aimed to identify automation projects that could enhance efficiency within the company. Teams focused on learning new skills like Python, Machine Learning, and SQL, showcasing their creativity and teamwork in the process. The results highlighted Virtu's commitment to technology and employee development. Winning teams were recognized for creativity, new skills, teamwork, and time saved, reflecting the firm's inclusive culture and focus on continuous learning.

Bullish, a blockchain-based cryptocurrency exchange, recently announced its initial launch to select institutional clients after obtaining a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission. The launch includes key features like a Hybrid Order Book and proprietary Liquidity Pools. Early institutional participants include Virtu Financial and Amber Group. Bullish has allocated US$3 billion in balance sheet assets for liquidity pools. Furthermore, the exchange plans to expand its offerings and aims for a full launch for retail customers in the future.