Virtu Financial and BlueCrest have started trading Eris swap futures ahead of the exchange’s migration to CME Group later this year.
$1.4 billion acquisition of KCG in 2017 results in 50% increasing in trading income for Virtu.
TradeTech keynote panel discussion suggests the buy-side is becoming more comfortable interacting with systematic internalisers.
Tower Research Capital follows Virtu in joining Fidessa systematic internaliser program.
Virtu and Fidessa have entered into a liquidity agreement as MiFID II rules sweep the industry.
Doug Cifu says Virtu is “the ultimate market making firm” following a 50% surge in trading income.
Cboe Europe, the London Stock Exchange, Nasdaq and Aquis Exchange among voices supporting changes to MiFID II’s SI regime.
Vela’s SI data hub offers price and best bid and offer feeds for liquidity across various venues.
Virtu Financial in Ireland will register as an SI in Europe next year.
Doug Cifu, CEO at Virtu, said BondPoint was better suited outside of the firm’s core operations.