Virtu’s POSIT Alert system was deemed slow compared to other blotter scraping tools, as the firm moves to 1:1 matching and significantly reduced latencies.
Tag: Virtu Financial
Following intense debate among market participants on the extensive costs of market data, incumbent exchanges could soon have less power over the consolidated tape in the US.
Virtu Financial expands its TCA with FX benchmarks to measure performance and quality of liquidity.
The head of Virtu Financial’s new outsourced trading business tells The TRADE that the launch was a natural progression for the firm after its takeover of ITG.
Virtu Financial will bring its TCA to other asset classes as it looks to offer multi-asset analytics to clients.
Panelists at TradeTech FX Europe extol virtues of automation for FX trading and how trading processes will have to adapt to keep up.
Virtu Financial has made several changes to its leadership team, with internal promotions and two external hires from Morgan Stanley and Interactive Brokers.
Virtu Financial will target the buy-side with an outsourced trading desk and will bring the ITG Triton EMS to FX markets.
Market participants at TradeTech have agreed that trading volumes have failed to shift to lit venues under MiFID II, but the regulation has led to unintended positive developments in the form of periodic auctions.
Research says that buy-side firms spent over $1 billion on OMS and EMS last year, as Bloomberg leads list of primary platforms.