Welcome to our dedicated page for Virtu Financial news (Ticker: VIRT), a resource for investors and traders seeking the latest updates and insights on Virtu Financial stock.
Virtu Financial, Inc. reports developments across a technology-driven trading business that provides market making and execution services in global, multi-asset markets. Its Market Making segment commits capital on a principal basis in cash, futures and options markets across equities, fixed income, currencies, cryptocurrencies and commodities. Its Execution Services segment provides agency trading, trading venues, proprietary technology, workflow tools, analytics and capital markets agency services for at-the-market offerings and buyback programs.
Recurring news includes quarterly and annual results, trading income by segment, adjusted trading and EBITDA metrics, dividend and share repurchase actions, and client or product updates for trading technology such as Triton, Virtu's multi-asset execution management system.
Virtu Financial (NASDAQ: VIRT) has announced its selection of InvestorLink's risk management platform specifically designed for small and micro-cap securities. This integration aims to enhance Virtu's ability to manage unique challenges in these market segments, including heightened volatility, lower liquidity, and market anomalies.
The platform provides real-time analytics and customizable monitoring tools, enabling financial institutions to detect irregularities, manage exposures proactively, and maintain regulatory compliance. Stephen Kay, Global Head of Broker-Dealer Sales at Virtu, emphasized the importance of market integrity, noting that Virtu has petitioned the SEC for better retail investor protection in this market segment.
The collaboration with InvestorLink strengthens Virtu's risk management capabilities and reinforces its market leadership position across segments.
Virtu Financial (VIRT) has announced its fifth annual Women in Data Science (WiDS) conference, demonstrating its ongoing commitment to advancing data science and technology education. The conference, scheduled for February 26, March 5, and March 12, 2025, will focus on AI-related topics including core statistical concepts, practical applications, and ethical considerations.
The event, open to professionals of all experience levels, aims to provide a platform for learning and networking within the data science community. Global Head of Analytics Client Services Erin Stanton and CEO Doug Cifu emphasized the importance of supporting women in technology fields and creating opportunities for professional development in AI.
Virtu Financial (NASDAQ: VIRT) reported strong Q4 2024 results with net income of $176.1 million and total revenues of $834.3 million, marking a 55.7% increase from Q4 2023. Trading income surged 104% to $544 million compared to the same period last year.
For full-year 2024, the company achieved total revenues of $2.87 billion (up 25.4%) and net income of $534.5 million (up from $263.9 million in 2023). The company's Adjusted EBITDA margin reached 61.9% in Q4.
The Board declared a quarterly cash dividend of $0.24 per share, payable March 17, 2025. Under its Share Repurchase Program, VIRT bought back $57.1 million worth of shares in Q4 and $172.2 million for the full year. Since the program's inception in November 2020, the company has repurchased approximately 50.7 million shares for $1.29 billion, with $423.8 million remaining capacity.
Virtu Financial (Nasdaq: VIRT) has scheduled its Q4 2024 earnings announcement for Wednesday, January 29, 2025, before the US market opens. The company, which provides global multi-asset financial services and liquidity solutions, will host a conference call at 8:30 AM EST to discuss the financial results. The event will be accessible to the public through a live webcast, which will be archived on the company's Investor Relations website at ir.virtu.com/events-presentations.
Virtu Financial (NASDAQ: VIRT) has received multiple recognitions at The TRADE Leaders in Trading Awards 2024, demonstrating its excellence in trading technology. At the European ceremony, the company secured awards for Best Access to Market and Best Dark Pool Capabilities.
The company's Virtu Triton EMS platform was particularly successful, winning awards for Best User Experience, Best Provider for Large Clients, and Best Provider in the UK and Europe. At the North American ceremony, Triton EMS also received recognition for Best Market Access and Best Product Adaptability.
Virtu Triton EMS is a broker-neutral, multi-asset-class execution management system offering customizable interface, analytics, and seamless integration for modern traders.
Virtu Financial (NASDAQ: VIRT) announces the recognition of two team members at the 2024 Women in Finance Americas Awards. Rachele Princiotto, Electronic Services Group Manager, received the Excellence in Service Providers Award for her leadership since joining in 2005. Lisha Qiu, Research Quant, won the Rising Star Award for her contributions since 2017. Additionally, four other Virtu employees - Ellyn Coyne, Kimberly Ding, Melissa Santoiemma, and Tori Gahagan - were nominated for awards.
Virtu Financial (NASDAQ: VIRT) reported strong Q3 2024 results with net income of $119.0 million and normalized adjusted net income of $132.1 million. Total revenues increased 12.2% to $706.8 million, while trading income rose 40.5% to $444.0 million compared to Q3 2023. The company achieved adjusted EBITDA of $214.8 million, up 54.0% year-over-year, with an adjusted EBITDA margin of 55.4%. Basic and diluted EPS were $0.65 and $0.64 respectively. The Board declared a quarterly dividend of $0.24 per share, payable December 15, 2024.
Virtu Financial (Nasdaq:VIRT), a leading global multi-asset financial services provider, has announced it will release its third quarter 2024 results on Thursday, October 24, 2024, before the US market opens. The company will host a conference call at 8:30 AM (EDT) to discuss the financial results.
A live webcast of the event will be available and later archived on the Investor Relations section of Virtu's website at https://ir.virtu.com/events-presentations. The call will be open to the public, allowing investors and interested parties to participate and gain insights into the company's performance.
Virtu Financial, Inc. (Nasdaq:VIRT) proudly announces that two of its employees have been recognized at Markets Media's European Women in Finance Awards. Trish McMenamin, Chief Compliance Officer, received the Excellence in Legal and Compliance award for transforming Virtu's Dublin-based regulatory program and fostering collaboration across global teams. Leah Goldsberry, EMEA Head of Analytics Client Coverage, was awarded the Rising Star honor for her contributions in managing key client relationships and leading Virtu's EMEA analytics team.
Rob Boardman, EMEA CEO of Execution Services at Virtu Financial, commended both women for exemplifying Virtu's commitment to excellence, innovation, and teamwork. The firm expressed gratitude for the examples Leah and Trish set at Virtu and in the financial services industry.
Virtu Financial (NASDAQ: VIRT) has announced that its Triton Valor execution management system (EMS) has established direct connectivity to CONNEQTOR, Tokyo Stock Exchange's (TSE) platform for trading exchange traded funds (ETFs). This integration allows investors to access real-time and deep ETF liquidity on the TSE.
Triton is a global, multi-asset EMS that supports trading across various asset classes and brokers. The connection to CONNEQTOR was added in response to client requests for access to new, innovative liquidity sources for ETF trading. TSE developed CONNEQTOR to facilitate large-scale transactions that were challenging to complete in auction sessions.