Virtu Financial Inc (OQ:VIRT)
Business Focus: Investment Banking & Brokerage Services
| Sector: Financials | Industry: Investment Banking & Brokerage Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1633 Broadway NEW YORK NY 10019 |
| Tel: | N/A |
| Website: | https://www.virtu.com |
| IR: | See website |
| Key People | ||
| Michael T. Viola Chairman of the Board | Vincent J. Viola Chairman Emeritus, Founder | Brett Fairclough Co-President, Co-Chief Operating Officer |
| Joseph A. Molluso Co-President, Co-Chief Operating Officer | Douglas A. Cifu Chief Executive Officer, Director | Sean P. Galvin Chief Financial Officer, Executive Vice President | Stephen Cavoli Executive Vice President - Markets |
| Business Overview |
| Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. The Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment offers agency execution services and trading venues that provide trading in global equities, exchange traded funds, fixed income, currencies, and commodities to institutions, banks and broker dealers. The Company's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite, including offerings in liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Virtu Financial Inc revenues decreased 3% to $2.29B. Net income applicable to common stockholders decreased 48% to $133.9M. Revenues reflect Execution Services segment decrease of 13% to $446.5M, Corporate segment decrease of 91% to $3.3M, Ireland segment decrease of 7% to $206.5M. Net income also reflects Operations and administrative increase of 15% to $99M (expense). |
| Employees: | 975 as of Feb 2, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13,371M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,293M as of Dec 31, 2023 |
| EBITDA (TTM): | $461.65M as of Dec 31, 2023 |
| Net annual income (TTM): | $133.89M as of Dec 31, 2023 |
| Free cash flow (TTM): | $320.82M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $10,133M as of Dec 31, 2023 |
| Shares outstanding: | 158,114,929 as of Feb 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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