The Trade speaks to Virtu Financial's chief executive officer, Doug Cifu about the firm's often misunderstood business model, its move into the derivatives swaps market, and European regulation.
Tag: market making
A slow up-take in electronic trading of OTC derivatives has hampered Virtu's ambitious market-making plans.
CBOE is exploring an incentive scheme to bring a more diverse set of liquidity providers for the product.
Asset manager says hiring sell-side experts can help it to solve problem of illiquid markets.
The move could radically shake up the hold of traditional bank players in European market making.
Buy-side companies with less regulatory constraints could see a greater role in market making.
Catch liquidity seeking algo aims to take strengths of market making business and offer them to buy-side clients.
Deal sees second NYSE market maker sold to HFT firm in two weeks.
The deal marks the latest pull-back from investment banking operations by Barclays.