Virtu Announces a New RFQ-hub Quarter Record in Single Stock Options Notional Trading Volume for 1Q 2021

Rhea-AI Summary

Virtu Financial (NASDAQ: VIRT) reported a record 1Q 2021 performance for its RFQ-hub platform, with a 37% increase in single stock options trading volume. The platform achieved a notional trading volume of €24.6B (US$29.7B). Enhanced operational efficiency and transparency are attracting asset managers to use RFQ-hub for derivatives transactions. The company emphasizes its commitment to improving client solutions with new infrastructure and features, including a new swaptions module, positioning RFQ-hub as a leading electronic derivatives trading platform.

Positive

• 37% increase in single stock options trading volume in 1Q 2021.
• Achieved notional trading volume of €24.6B (US$29.7B).
• Increased client reliance on RFQ-hub for competitive liquidity and transparent workflows.
• Launch of new swaptions module enhancing service offerings.

Negative

• None.

NEW YORK, May 11, 2021 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) a leading, global provider of multi-asset liquidity, execution services, workflow technology and trade analytics reporting and data, today reported that in 1Q 2021, RFQ-hub surpassed its previous quarter record in single stock options by 37%. The bilateral multi-asset and multi-dealer request for quote platform delivered a notional trading volume of €24.6B (US$29.7B) for the quarter.

Attracted by RFQ-hub’s transparency, competitive liquidity, operational efficiency, audit trail and embedded analytics, asset managers are increasingly relying on RFQ-hub to negotiate derivatives transactions.

“In today’s environment, clients are looking for agile, enhanced solutions that help them keep pace with the evolving digital landscape,” said David Angel, Head of Continental Europe, Virtu Financial. “Virtu’s commitment to building efficient and transparent workflows is resonating with clients. We are encouraged by the positive reception of the new infrastructure, ergonomic GUI enhancements and expanded instrument coverage initiatives—such as the growth in fixed income derivatives and the recent launch of our new swaptions module. This record strengthens RFQ-hub’s position as a leading platform for supporting electronic derivatives trading.”

RFQ-hub helps electronically deliver competitive liquidity, streamline workflow and improve pricing, with a focus on equity and fixed income listed and OTC derivatives, structured products and ETFs.

For more information about Virtu’s workflow technology platforms and other execution tools, please visit our client solutions page at www.virtu.com <http://www.virtu.com> or contact us at info@virtu.com <mailto:info@virtu.com>.

About RFQ-hub
Virtu’s electronic bilateral request-for-quote (RFQ) platform for listed and OTC securities centralizes best price discovery by connecting buy-side trading desks and portfolio managers with their liquidity providers. Integrated and detailed metrics provide insight and audit reporting for regulatory and compliance obligations.

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.

CONTACT:
Investor and Media Relations                                
Andrew Smith
investor_relations@virtu.com
media@virtu.com

FAQ

What were the results for Virtu Financial's RFQ-hub in 1Q 2021?

RFQ-hub posted a record 37% increase in single stock options trading volume, totaling €24.6B (US$29.7B).

What is RFQ-hub?

RFQ-hub is Virtu's electronic platform for request-for-quote trading, supporting derivatives transactions with enhanced transparency and liquidity.

How is Virtu Financial enhancing its services?

Virtu is enhancing its services with new infrastructure improvements and the launch of a swaptions module.

What markets does Virtu Financial operate in?

Virtu operates across global equities, ETFs, foreign exchange, futures, fixed income, and other commodities.

What is the significance of Virtu's 1Q 2021 performance?

The strong performance indicates increasing demand for RFQ-hub's services and strengthens Virtu's position in electronic derivatives trading.