Controversial And Profitable
While automated trading may remain controversial, it is certainly profitable. Virtu made money every day in 2014, generating profit of $190 million from revenue of $723 million, according to the Feb. 20 regulatory filing for its initial public offering. The 148-employee company uses computerized strategies to buy and sell everything from stocks to currencies. It has only lost money on one day in the last six years.
New York-based Virtu’s larger HFT competitors include Tower Research Capital LLC, Global Trading Systems LLC and Hudson River Trading LLC.
Flash Boys Help Markets, Not Just Themselves, BOE Study Finds
February 24, 2015
« Previous Article
| Next Article »
Login in order to post a comment