Business overview
(Source: Q2 2019 presentation)
Virtu Financial (VIRT) traces its roots back to the New York Mercantile Exchange trading pits, where co-founder Vincent Viola worked as a market maker. Today, the company still derives the majority of its revenues from market making activities that delivers liquidity in over 25,000 securities on 235+ venues and in 36+ countries. It also offers trading solutions and analytics tools to clients interacting directly with broker / dealers, asset managers, hedge funds and other financial institutions. Virtu services over 25% of the “Rule 605” retail order