2024-05-14 09:17:01 ET
Summary
- Virtu is a leading market maker of stocks, bonds, and options.
- Improving risk appetites are helping Virtu generate higher trading revenues despite subdued market volatility.
- The recent surge of meme stocks suggests attractive opportunities for market makers will make a comeback.
I have been bullish on Virtu Financial ( VIRT ) for quite a while (Figure 1).
In the past, my thesis was based primarily on Virtu being a market hedge with a positive carry, as Virtu's market-making business tends to perform well during heightened volatility/market crashes....
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Virtu Financial: Meme Stocks Are Roaring Back And Market Makers Are Salivating