Virtu operates across over 235 venues, connecting to over 60 markets with 10,000 broker FIX connections.
Virtu Financial, Inc. has introduced Virtu Technology Solutions (VTS), a product suite designed to offer its execution services technology to sell-side broker-dealers globally.
The launch follows Virtu Financial's recent integration of its Triton Valor EMS with the Tokyo Stock Exchange's CONNEQTOR platform, aimed at streamlining large-scale ETF transactions and improving access to liquidity. The move repackages Virtu Execution Services' existing capabilities for broader distribution.
"The breadth of capabilities within our internal broker-dealer framework is incredible. I don't think there's a vendor on the street that can offer the range and quality of products we're bringing to market," said Michael Loggia, Virtu's Global Head of VTS and Workflow Solutions.
VES provides execution and workflow solutions to both buy-side and sell-side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term clients. These services facilitate market access, trade execution, and analytics using technology developed to optimize Virtu's internal trading infrastructure.
"With the public launch of VTS, we are expanding awareness and formalizing our offering to ensure broker-dealers of all sizes can benefit from the same infrastructure that has supported our own operations," Loggia added.
The launch of VTS formalizes the offering of these solutions to sell-side brokers. The product suite delivers modular and scalable tools to support broker-dealers' infrastructure needs, including front-to-back-office operations. The solutions are compatible with multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term deployments and global market connectivity.
Virtu's global execution services operate across more than 235 venues and connect to over 60 markets. The company manages over 10,000 broker FIX connections and holds certifications with most order and execution management systems.
Earlier, Finance Magnates reported that Virtu Financial ended 2024 with impressive results, driven by heightened market volatility. The company reported a rise in trading income for the fourth quarter, more than doubling from the previous year, reaching over half a billion dollars. Net income saw a dramatic increase, reaching $176 million, compared to just $7 million in the same period last year.
Revenue grew substantially, up by over 50%, as the firm capitalized on favorable market conditions. Full-year results were similarly strong, with total revenue growing by 25% and net income nearly doubling. Virtu also continued its commitment to returning value to shareholders, executing a substantial share buyback program.