After revenues and profits rise on the year, the estimated value of Virtu falls
The publication of Michael Lewis’ Flash Boys in April, 2014, generated an intense wave of publicity surrounding high frequency trading (HFT) firms, much of it unfavorable. Earlier this year, the high-frequency trading firm Virtu Financial LLC published details about the firms long-term operations […]
After purchasing a traditional market making firm as part of a larger acquisition for $5.4 billion in 2000, a major investment bank is now attempting to sell it for a significant loss at nearly $30 million. Goldman Sachs Group inc […]
Virtu Financials has postponed its planned US initial public offering (IPO) after its bankers suggested that the company wait until the focus shifts away from the recent scrutiny over the business of high frequency trading. A report from the Financial […]
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As reported in ValueWalk on February 25, high frequency trading firm Virtu on Monday filed for an initial public offering, seeking to raise $100 million. With a star-studded list of many of the most connected people on Wall Street and […]
High frequency trading is normally a private, non-disclosed business typically kept under the radar and beyond the prying eyes of regulators. But Virtu Financial is blazing new trails, filing confidential documents for an initial public stock offering, according to a […]