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NEW YORK - Virtu Financial, Inc. (NASDAQ: VIRT), a prominent multi-asset financial services provider currently trading below its InvestingPro Fair Value, has announced the launch of Virtu Technology Solutions (VTS), a suite of products aimed at sell-side broker-dealers globally. The company, which has delivered an impressive 96% return over the past year and maintains a healthy 54.5% gross profit margin, is expanding its service offerings through VTS, which repackages the capabilities of Virtu Execution Services™ (VES) to offer execution, workflow solutions, and market connectivity previously utilized by institutional clients.
The move represents Virtu’s effort to extend the reach of its proprietary technology and infrastructure to sell-side brokers, allowing them access to the same tools and systems that support Virtu’s broker-dealer operations. This initiative underscores the company’s commitment to providing scalable and modular solutions that cater to the infrastructure needs of broker-dealers. With revenue of $2.2 billion in the last twelve months and a consistent 11-year track record of dividend payments, Virtu demonstrates strong financial stability in executing its expansion strategy.
VTS offers a comprehensive set of tools designed for seamless, multi-asset, global deployment. With connections to over 60 global markets and operations across more than 235 venues, VTS is positioned as a turn-key solution for brokers. The product suite includes Workflow Solutions, Analytics, and Broker-Dealer offerings, all integrated into a single package.
Michael Loggia, Virtu’s Global Head of VTS and Workflow Solutions, emphasized the unparalleled range and quality of products that VTS brings to the market, highlighting the suite’s potential to meet the front-to-back-office needs of sell-side brokers.
Virtu’s global execution services business combines its market making expertise and infrastructure to offer a robust suite of products, including execution, liquidity sourcing, and analytics. The company’s multi-asset analytics platform provides services and data products crucial for investing, trading, and managing risk across global markets.
This announcement is based on a press release statement from Virtu Financial, Inc. and does not include any promotional content. The information provided aims to present a factual report on the company’s latest offering, VTS, for sell-side broker-dealers. For deeper insights into Virtu Financial’s valuation, growth prospects, and additional ProTips, visit InvestingPro, where you’ll find comprehensive analysis and the detailed Pro Research Report covering this market infrastructure provider.
In other recent news, Virtu Financial Inc. reported impressive fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.14, compared to the projected $0.77. The company’s revenue also exceeded forecasts, reaching $834.3 million against an anticipated $373.2 million. This strong financial performance highlights Virtu’s robust business momentum and operational efficiency. Additionally, Virtu Financial has secured a new $1.245 billion senior secured term loan, set to mature in June 2031, as part of its strategy to optimize its capital structure and reduce financing costs. The loan, facilitated by JPMorgan Chase Bank, replaces existing term loans and introduces a new interest rate structure. In a move to ensure leadership stability, Virtu Financial extended the employment agreements of key executives Joseph Molluso and Stephen Cavoli through February 2028. These developments indicate a steady course for the company, as it continues to focus on strategic growth and financial optimization.
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