POSIT Alert, Australia Sets New Record for Largest Recorded Single Print

Rhea-AI Summary

Virtu Financial (NASDAQ: VIRT) recently announced a record trade of AUD$87M (USD$67.2M) matched through POSIT Alert in Australia on January 25, 2021. This trade represents the largest single trade in POSIT Alert's APAC history, showcasing Virtu's successful enhancements to the platform over the past 18 months. The improvements include infrastructure upgrades and a one-to-one matching logic aimed at delivering block liquidity efficiently. POSIT Alert continues to innovate by accepting conditional orders, enhancing block liquidity opportunities for users.

Positive

• Record trade of AUD$87M matched on POSIT Alert, showcasing platform effectiveness.
• Substantial enhancements made to POSIT Alert over the last 18 months improve trading efficiency.
• Introduction of conditional orders increases liquidity opportunities for users.

Negative

• None.

NEW YORK, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) a leading provider of global, multi-asset, financial services and products across the complete investment cycle, today announced that POSIT Alert, Australia matched its largest recorded single trade with a value of AUD$87M (USD$67.2M) on each side on 25 January 2021. In addition, this trade was the largest single trade matched between a POSIT Alert front-end user and an electronic conditional order in POSIT Alert, APAC’s history.

"This record-size trade matched by POSIT Alert Australia is the culmination of the numerous enhancements we have made to the POSIT Alert platform over the past 18 months, including infrastructure upgrades, moving to a one-to-one matching logic and giving prioritization to participants with larger indication sizes," said Jessica Morrison, CEO of Virtu Financial, Asia Pacific. "We continue to improve the platform for all participants with the simple objective of delivering block liquidity to our customers in the most efficient and transparent way possible."

“POSIT Alert was the first venue in the Asia Pacific region to accept conditional orders. By supporting this order type, Virtu is able to offer more block liquidity opportunities to our POSIT Alert front-end users,” added Abhishek Janaki, APAC Head of POSIT Alert.

POSIT Alert, POSIT ATS/MTF and the Virtu Frontier suite of execution algos are available in the Americas, EMEA and the Asia Pacific region via Virtu’s multi-asset class and broker-neutral Triton execution management system and also via FIX connection to Virtu from third-party trading systems. For more information about Virtu’s liquidity venues and solutions, workflow technology platforms and other execution tools, please visit our client solutions page at www.virtu.com or contact us at info@virtu.com.

About Virtu Financial
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.  Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities.  In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.  

Securities products and services are offered by the following subsidiaries of Virtu Financial, Inc. In the U.S., Virtu Americas LLC, member FINRA and SIPC; in Canada, Virtu ITG Canada Corp., member Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada; in Europe, Virtu ITG Europe Limited, registered in Ireland No. 283940 (“VIEL”) (VIEL is authorized and regulated by the Central Bank of Ireland), and Virtu Financial Ireland Limited, registered in Ireland No. 471719 (“VFIL”) (VFIL is authorized and regulated by the Central Bank of Ireland). The registered office of VIEL and VFIL is Whitaker Court, Whitaker Square, Sir John Rogerson’s Quay, Dublin 2, Ireland; in Asia, Virtu ITG Hong Kong Limited (SFC License No. AHD810), Virtu ITG Singapore Pte Limited (CMS License No. 100138-1), and Virtu ITG Australia Limited (AFS License No. 219582). Analytics products and services referenced herein may not be subject to oversight by regulatory authorities in one or more jurisdictions, including in Europe, where such products and services are offered by Virtu ITG Ventures Limited, registered in Ireland No. 295549 (“VIVL”). VIVL does not engage in regulated activity.

CONTACT:
Investor Relations	Media Relations
Deborah Belevan, IRC, CPA	Andrew Smith
investor_relations@virtu.com	media@virtu.com

FAQ

What record trade did Virtu Financial announce on January 25, 2021?

Virtu Financial announced a record trade of AUD$87M (USD$67.2M) matched through POSIT Alert in Australia.

How does POSIT Alert enhance trading for users?

POSIT Alert enhances trading by implementing infrastructure upgrades and introducing a one-to-one matching logic, which prioritizes larger trades.

What is the significance of the record trade for Virtu Financial?

The record trade signifies the effectiveness of Virtu's recent enhancements to its trading platform, indicating strong performance in block liquidity.

What innovations were introduced in the POSIT Alert platform?

The POSIT Alert platform introduced conditional orders and system upgrades to improve trading efficiency and liquidity.