Amid all the red numbers in the stock market during this coronavirus-fueled bear market are some stocks that are outperforming. Virtu Financial (NASDAQ: VIRT) is one of them. Virtu Financial is not just beating the market, it's obliterating it -- up more than 18% year to date through Wednesday's close.
Here are three reasons why Virtu is winning in 2020.
Virtu Financial is a market maker -- a firm that quotes buy and sell prices for stocks, options, commodities, currencies, fixed income, and other securities on exchanges and in markets around the world. The company earns money by making a profit on the spread (or the difference between the buy and sell price) for each trade. Virtu does this through its high-speed trading platform that uses proprietary technology to provide deep liquidity in over 25,000 securities, at over 235 venues, in 36 countries.