Virtu Financial, Inc. (NASDAQ:VIRT) has just completed its acquisition of Investment Technology Group, Inc. (NYSE:ITG) in a cash transaction valued at $30.30 per ITG share, or a total of approximately $1.0 billion. Virtu Financial has entered into a definitive agreement to acquire Investment Technology Group back in November 2018. Douglas Cifu will continue to serve…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has announced the completion of a repricing transaction of its 1st Lien Secured Term Loan (the “Term Loan”) along with a principal prepayment of $74 million. Following the prepayment and the amendment, the total balance of the Term Loan…
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Virtu Financial, Inc. (NASDAQ:VIRT), a leading technology-enabled market maker and liquidity provider to the global financial markets, today announced further actions to reduce debt and modify its capital structure. Virtu has commenced marketing for a repricing transaction of its 1st Lien Senior Secured Term Loan Facility (the “TL”). In conjunction with the repricing transaction, Virtu…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has just announced that its Singapore entity, Virtu Financial Singapore Pte. Ltd. has received High Speed Trading (HST) Registration with Japan’s Financial Services Agency (FSA). In November 2017, Virtu submitted a comment letter supporting the FSA’s HST proposal and…
Read moreVirtu Financial, Inc (NASDAQ:VIRT), a technology enabled global market maker, has announced the commencement of an underwritten secondary offering of 15,000,000 shares of its Class A common stock. At Tuesday's close of $33.35 per share, the offering size is aimed to be $500 million. The selling stockholders, Mr. Vincent Viola, Virtu's founder and Chairman Emeritus, TJMT Holdings LLC…
Read moreVirtu Financial, Inc. (Nasdaq:VIRT), a technology enabled global market maker, has just announced that it hired Pete Candler to help develop and grow its execution services business. Virtu, an electronic market maker and execution service provider, offers its execution technology and transparent post trade analytics to buy-side and sell-side clients. Candler is a seasoned professional…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, today announced the completion of a repricing transaction of its 1st Lien Senior Secured Term Loan along with a principal prepayment of $276 from the proceeds of its previously announced sale of BondPoint to Intercontinental Exchange (NASDAQ:ICE). Following the…
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Virtu Financial, Inc. (NASDAQ: VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, today reported results for the third quarter ended September 30, 2017. Highlights include: Reported results include KCG from July 20 through September 30, 2017 Net loss of $40.0 million, burdened by costs associated with the KCG acquisition and…
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QuantHouse, the independent global provider of end-to-end high performance market data and trading through API based technologies, today announced the availability of QuantFEED and QuantLINK to Virtu Financial (NASDAQ:VIRT)’s disclosed Systematic Internaliser (SI) platform enabling clients to access Virtu’s liquidity under MiFID II’s transparent SI regime. Virtu Financial is one of the largest electronic market…
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Virtu Financial, Inc. (NASDAQ:VIRT) the technology-enabled market maker and liquidity provider to the global financial markets, today announced it has entered into a definitive agreement to sell Virtu’s fixed income trading venue, BondPoint, to Intercontinental Exchange (NYSE:ICE). The transaction is expected to be completed in the first quarter of 2018, and the closing is subject…
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