SEC, Virtu Financial, Inc.,REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, here. Larger HFT players have gone multi asset. I probably want my gateway to reach all these exchanges and venues.
Virtu is a leading technology-enabled market maker and liquidity provider to the global financial markets. We stand ready, at any time, to buy or sell a broad range of securities, and we generate revenue by buying and selling large volumes of securities and other financial instruments and earning small amounts of money based on the difference between what buyers are willing to pay and what sellers are willing to accept, which we refer to as “bid/ask spreads.” We make markets by providing quotations to buyers and sellers in more than 10,000 securities and other financial instruments on more than 210 unique exchanges, markets and liquidity pools in 30 countries around the world. We believe that our broad diversification, in combination with our proprietary technology platform and low-cost structure, enables us to facilitate risk transfer between global capital markets participants by supplying liquidity and competitive pricing while at the same time earning attractive margins and returns.
Sam Mamudi and Leslie Picker, Bloomberg, Virtu Filing Shines Light on High-Frequency Trading, here.
Virtu Financial Inc., the New York-based automated market maker that tried and failed to buy Knight Capital Group Inc. in 2012, filed for an initial public offering yesterday, disclosing that it had earned money every day but one in the last five years. The company is seeking a valuation of about $3 billion, about twice as much as rival KCG (KCG) Holdings Inc., which was created last year in the merger of Knight and Getco LLC, according to a person familiar with the matter.
Thanks to two decades of regulatory reform and technology advances, firms such as Virtu and Getco supplanted human traders as the main providers of prices on stock and commodity exchanges around the world. Business has been good enough that Vincent Viola and Douglas Cifu, Virtu’s founder and chief executive officer, were able to buy the Florida Panthers professional hockey team last year.