Virtu Makes Strategic Investment in ClearList

Rhea-AI Summary

Virtu Financial (NASDAQ: VIRT) has announced its strategic investment in ClearList, which combines forces with GTS to enhance global market making for private markets. This partnership aims to improve liquidity, transparency, and efficiency in private equity trading. ClearList is recognized for its innovative technology, and with Virtu's expertise, it seeks to bring public market advantages to private companies. The investment highlights a focus on democratizing the equity marketplace for private firms, although investments in private securities carry inherent risks.

Positive

• Strategic investment in ClearList enhances Virtu's market presence in private markets.
• Collaboration with GTS amplifies market-making capabilities, offering a stronger liquidity solution.
• ClearList technology promises improved trading efficiency for private companies.

Negative

• Investment in private securities is speculative and entails high risk, including potential total loss.
• No guarantee of market development for private securities, affecting liquidity.

Combines with GTS for Unprecedented Global Market Making Offering for Private Markets

NEW YORK--(BUSINESS WIRE)-- ClearList Holdings, today announced that Virtu Financial (NASDAQ: VIRT; “Virtu”) a leading provider of trading solutions and liquidity to the global markets, has become a strategic investor in ClearList.

Other investors in ClearList include GTS, a leading electronic market maker across global financial instruments, Tudor Global Trading, founded by legendary investor Paul Tudor Jones, and David “Tiger” Williams, founder of Williams Trading.

Together with GTS, the Virtu investment brings together on behalf of ClearList, two of the largest global electronic equity market makers in the world.

Doug Cifu, CEO of Virtu, said, “We have been watching with interest the overall development of the private markets and in particular the successful development of ClearList. We are very impressed with the technology and trading expertise ClearList brings to the primary and secondary markets for private companies. The ClearList offering, including the ClearList ATS and its trading platform, will help bring an improved level of liquidity, transparency and efficiency to the private markets.”

Ari Rubenstein, co-founder & CEO of GTS and Chairman of ClearList, said, “We are delighted to partner with Virtu and welcome their additional market making expertise and broad global footprint. Responsible, professional market makers are the core of healthy markets and the powerful combination of GTS and Virtu brings ClearList an unprecedented offering to the private markets.”

Bill White, CEO of ClearList, said, “We are excited to have Virtu as part of the ClearList team. I know many members of their team and they have a superb offering in market making and execution services. They join an all-star line-up of trading and investment experts at ClearList who are some of the most innovative and forward-thinking leaders in our industry.”

ClearList continues to innovate and is helping to bring the best of the public markets to the private markets, through its end-to-end capital markets solutions that include primary offerings, secondary trading and cap table management for private companies.

Investments in private, unregistered securities involves a high level of risk and may not be suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk as well as the potential loss of your entire investment. Private company securities are also highly illiquid and there is no guarantee that a market will develop for such securities, including on the ClearList Alternative Trading System. There is also no guarantee that any private placement will be publicly listed through a direct listing or Initial Public Offering. You should be aware that each investment also carries its own specific risks and that you should complete your own independent due diligence regarding the investment including obtaining additional information, opinions, financial projections, and legal or other investment advice.

About ClearList

The ClearList group of integrated companies includes: ClearList LLC (the “ClearList ATS”), Member: FINRA & SIPC; ClearList Securities LLC, Member: FINRA & SIPC, ClearList Technologies LLC, and ClearList TRAX, LLC, an SEC Registered Transfer Agent. ClearList is democratizing the Equities Marketplace for Private Companies. For more information, please visit www.clearlist.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005168/en/

For ClearList: Rich Myers rmyers@profileadvisors.com Phone: 347-774-1125

Source: ClearList

FAQ

What is Virtu Financial's recent investment?

Virtu Financial has made a strategic investment in ClearList, partnering with GTS to enhance market making for private markets.

How will the Virtu investment impact private markets?

The investment aims to improve liquidity, transparency, and efficiency in the trading of private equity.

What risks are associated with investing in private securities through ClearList?

Investing in private securities is highly speculative, carries a risk of total loss, and may lack sufficient liquidity.

When was the investment in ClearList announced?

The announcement of Virtu Financial's investment in ClearList was made on September 29, 2021.

What are the key features of ClearList's offering?

ClearList offers technology for primary offerings, secondary trading, and cap table management for private companies.