Panellists agreed open standards and desktop interoperability are essential to ensure front-office technology evolves to meet the demands of the hybrid working environment.
Doug Cifu, chief executive of market maker Virtu Financial, challenges SEC chair Gary Gensler’s recent speech proposing changes to address deficiencies in the US trading system.
Former head of FI & FX and co-head of crypto previously operated across UBS Investment Bank, Goldman Sachs, Bank of America and KCG Holdings.
Pricing and execution data across equities, FX, futures, and cryptocurrencies from Virtu will be available to Pyth Network in DeFi push.
The new record $29.7 billion in quarterly notional trading volume at Virtu surpassed the previous quarterly record in single stock options by 37%.
The ESG options were traded on 9 and 11 February via the Virtu RFQ-hub and were valued at $332 million and $1.67 billion respectively.
The integration will allow liquidity providers using the EliData C-RFQ solution to automate their workflow with the RFQ-hub, to access FIX connectivity, and to centralise ETF flow.
The record trade on POSIT Alert Australia is the culmination of various improvements made to the system by Virtu Financial.
The service from Virtu will give the US buy-side the ability to analyse routing and execution practices across brokers from a single access point.
Charles Schwab Investment Management and WisdomTree Asset Management have signed on to Virtu’s ETF analytics tool.