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.

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