Virtu Financial Meeting with Shareholders at FIA Boca

Rhea-AI Summary

Virtu Financial (Nasdaq: VIRT) announced an increase in its share repurchase program, estimating $75 - $80 million in buybacks for Q1 2023, up from $45 million in Q4 2022. This move reflects the company's commitment to returning value to shareholders. The update was shared during discussions at the Futures Industry Association conference in Boca Raton, FL, where management highlighted their innovative financial services and technology solutions. Virtu continues to leverage its market-making expertise across various asset classes and geographies, offering clients advanced trading solutions and analytics tools.

Positive

• Increased share repurchase program from $45 million in Q4 2022 to an estimated $75 - $80 million for Q1 2023.
• Management's participation at the Futures Industry Association conference showcases transparency and investor engagement.

Negative

• None.

News Market Reaction – VIRT

+2.77%

+2.77% Session move

In the trading session that priced this news, VIRT gained 2.77%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, March 13, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a global market maker, broker and leading provider of global financial services technology, today announced that Virtu management will be speaking and meeting with investors at the Futures Industry Association conference in Boca Raton, FL the week of March 13, 2023. Information to be presented and discussed at the conference is available at ir.virtu.com.   

Included in the materials is a statement that Virtu has accelerated the rate of its share repurchase program and estimates it will repurchase $75 - $80 million of its shares in the first quarter of 2023 an increase from the $45M of repurchases in 4Q 2022.

About Virtu Financial
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities.  In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

CONTACT:
Investor and Media Relations
Andrew Smith
investor_relations@virtu.com

FAQ

What is the share repurchase program update for Virtu Financial?

Virtu Financial plans to repurchase $75 - $80 million of its shares in Q1 2023, up from $45 million in Q4 2022.

When and where is Virtu Financial meeting with investors?

Virtu Financial is meeting with investors at the Futures Industry Association conference in Boca Raton, FL during the week of March 13, 2023.

What services does Virtu Financial provide?

Virtu Financial offers a range of financial services, including market making, execution, liquidity sourcing, and analytics across multiple asset classes.