Virtu Financial Inc (OQ:VIRT)
Business Focus: Investment Banking & Brokerage Services
| Sector: Financials | Industry: Investment Banking & Brokerage Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1633 Broadway NEW YORK NY 10019 |
| Tel: | N/A |
| Website: | https://www.virtu.com |
| IR: | See website |
| Key People | ||
| Michael T. Viola Chairman of the Board | Vincent J. Viola Chairman Emeritus, Founder | Brett Fairclough Co-President, Co-Chief Operating Officer |
| Joseph A. Molluso Co-President, Co-Chief Operating Officer | Douglas A. Cifu Chief Executive Officer, Director | Sean P. Galvin Chief Financial Officer, Executive Vice President |
| Cindy Lee Chief Financial Officer | Stephen Cavoli Executive Vice President - Markets | |
| Business Overview |
| Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. The Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment offers agency execution services and trading venues that provide trading in global equities, exchange traded funds, fixed income, currencies, and commodities to institutions, banks and broker dealers. The Company's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite, including offerings in liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. |
| Financial Overview |
| For the three months ended 31 March 2024, Virtu Financial Inc revenues increased 4% to $642.8M. Net income applicable to common stockholders decreased 4% to $52.7M. Revenues reflect Market Making segment increase of 4% to $521M, Corporate segment increase of 36% to $4M, Others segment increase of 32% to $57.8M, Ireland segment increase of 17% to $63M. Net income was offset by Communication and data processing increase of 2% to $58.2M (expense). |
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