Virtu launches buy-side big data analytics tools
Tools will enable buy-side clients at Virtu to manage data across trading strategy selection, cost attribution and counterparty evaluation.
Tools will enable buy-side clients at Virtu to manage data across trading strategy selection, cost attribution and counterparty evaluation.
New initiatives include execution management platform for FX, broker-neutral access to dealer liquidity, FX trade analytics and data.
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
ITG agrees to be acquired by high speed trading firm Virtu for $30.30 a share.
Deal creates major force in market making and technology.
Founder of Virtu, who formerly served in the US Army, will join US government in January.