# Virtu Financial, Inc.

Summary updated: 2026-10-02T13:17:54.865881Z
Canonical: https://finbar.com/research/companies/virtu-financial-inc

## Overview

Virtu Financial, Inc. is a technology-enabled financial services company whose core business combines market making with electronic trading services. It provides liquidity and execution across asset classes including equities, ETFs, options, foreign exchange, futures, fixed income, cryptocurrencies, and commodities; its trading platforms connect clients to hundreds of venues in more than 50 countries. [1](https://app.finbar.com/go?id=P34936917) The company operates through Market Making and Execution Services, serving institutional investors, banks, and broker-dealers. [2](https://app.finbar.com/go?id=P28953866)[3](https://app.finbar.com/go?id=P110458701)[4](https://app.finbar.com/go?id=P44822014)

Virtu describes its purpose as using technology to help market participants make informed decisions and support more efficient markets. [5](https://www.virtu.com/our-commitment/) It has an international footprint, with trading centers including London, Dublin, Paris, Singapore, Hong Kong, Toronto, and Sydney. [6](https://app.finbar.com/go?id=P11482354) For the year ended December 31, 2025, Virtu reported total revenue of $3.632 billion; it had 1,027 employees worldwide at year-end 2025. [7](https://app.finbar.com/go?id=T956285)[8](https://stockanalysis.com/stocks/virt/employees/)
[1](https://app.finbar.com/go?id=P34936917)[2](https://app.finbar.com/go?id=P28953866)[3](https://app.finbar.com/go?id=P110458701)[4](https://app.finbar.com/go?id=P44822014)[6](https://app.finbar.com/go?id=P11482354)[7](https://app.finbar.com/go?id=T956285)[5](https://www.virtu.com/our-commitment/)[8](https://stockanalysis.com/stocks/virt/employees/)[5](https://www.virtu.com/our-commitment/)[8](https://stockanalysis.com/stocks/virt/employees/)

## Products & services

Virtu Financial’s Market Making services provide two-sided liquidity in cash securities and derivatives across equities, fixed income, currencies, cryptocurrencies and commodities. Its automated trading technology supports market making, risk controls and post-trade processes; the company reports quoting more than 50,000 securities and other financial instruments across 150+ venues worldwide. [3](https://app.finbar.com/go?id=P110458701)[9](https://app.finbar.com/go?id=P12063053)

Its Execution Services include agency and principal execution, algorithmic trading and order routing, institutional sales trading, and matching of conditional orders. Named liquidity venues and services include POSIT, an equity-crossing venue; MatchIt ATS, an anonymous U.S. stocks and ETFs crossing venue; and POSIT Alert, an anonymous block-indications network. Execution tools include single-stock, portfolio and pairs algorithms, smart-order routing and Prism, which monitors execution activity in real time. [10](https://app.finbar.com/go?id=P145401763)[11](https://app.finbar.com/go?id=P145401689)[12](https://www.virtu.com/solutions/liquidity/)[13](https://www.virtu.com/solutions/execution/)

Additional offerings include broker-neutral, multi-asset workflow technology such as Triton EMS, order and execution management applications, and connectivity; proprietary trading and risk-management infrastructure licensed to third parties; and analytics for execution costs, portfolio optimization, valuation and compliance. Named analytics products include Global Peer, Agency Cost Estimator (ACE), Portfolio Optimizer and Transaction Cost Analytics (TCA). [10](https://app.finbar.com/go?id=P145401763)[14](https://app.finbar.com/go?id=P40468061)[15](https://www.virtu.com/solutions/workflow/)[16](https://www.virtu.com/solutions/analytics/)

Virtu reports revenue by operating segment rather than by individual product. For the six months ended June 30, 2026, Market Making represented approximately 84.2% of consolidated revenue and Execution Services approximately 15.8%, calculated from reported segment revenues; these figures are segment shares, not product-level sales. [17](https://app.finbar.com/go?id=T16632633)
[3](https://app.finbar.com/go?id=P110458701)[9](https://app.finbar.com/go?id=P12063053)[10](https://app.finbar.com/go?id=P145401763)[11](https://app.finbar.com/go?id=P145401689)[12](https://www.virtu.com/solutions/liquidity/)[13](https://www.virtu.com/solutions/execution/)[14](https://app.finbar.com/go?id=P40468061)[15](https://www.virtu.com/solutions/workflow/)[16](https://www.virtu.com/solutions/analytics/)[17](https://app.finbar.com/go?id=T16632633)[17](https://app.finbar.com/go?id=T16632633)[17](https://app.finbar.com/go?id=T16632633)[12](https://www.virtu.com/solutions/liquidity/)[13](https://www.virtu.com/solutions/execution/)[15](https://www.virtu.com/solutions/workflow/)[16](https://www.virtu.com/solutions/analytics/)

## Geographic presence

Virtu Financial’s trading technology and services reach markets in more than 50 countries, through hundreds of trading venues. This reflects the geographic reach of its market activity, not a breakdown of where revenue is generated. [1](https://app.finbar.com/go?id=P34936917)

The company identifies offices in the United States, Canada, Europe and Asia-Pacific, and lists locations in New York and Austin; Toronto; London, Dublin and Paris; Hong Kong, Shanghai, Singapore and Sydney. Its headquarters are at 1633 Broadway, New York. [18](https://app.finbar.com/go?id=P81430660) [19](https://www.virtu.com/contact/)

The available company filing does not provide revenue by country or region, or an employee breakdown by location. [20](https://www.sec.gov/Archives/edgar/data/1592386/000159238626000009/virt-20251231.htm)
[1](https://app.finbar.com/go?id=P34936917)[18](https://app.finbar.com/go?id=P81430660)[19](https://www.virtu.com/contact/)[20](https://www.sec.gov/Archives/edgar/data/1592386/000159238626000009/virt-20251231.htm)

## Business segments

Virtu Financial reports two operating segments: **Market Making** and **Execution Services**. Market Making principally involves trading as principal across global equities, fixed income, currencies, cryptocurrencies, and commodities, including cash, futures, and options markets. In FY2025, it generated $2,949.2 million, approximately 81.2% of consolidated revenue. [21](https://app.finbar.com/go?id=P35614877)[7](https://app.finbar.com/go?id=T956285) Execution Services serves institutional clients, banks, and broker-dealers through trading execution and related services, including agency and principal execution, algorithms and routing, sales trading, trading venues, technology, analytics, and capital-markets services. It generated $668.2 million, approximately 18.4% of FY2025 consolidated revenue. [4](https://app.finbar.com/go?id=P44822014)[7](https://app.finbar.com/go?id=T956285)

The company also reports a **Corporate** category in segment-revenue tables, covering items such as corporate overhead and investments not attributable to the operating segments; it is not a reportable operating segment. Corporate represented approximately 0.4% of FY2025 revenue. The latest available 2026 interim filing retains the same segment names; adjusted net trading income by segment is an additional performance presentation, not a different segment structure. [22](https://app.finbar.com/go?id=P75140490)[7](https://app.finbar.com/go?id=T956285)[23](https://app.finbar.com/go?id=T16632652)[24](https://app.finbar.com/go?id=T8794743)
[21](https://app.finbar.com/go?id=P35614877)[7](https://app.finbar.com/go?id=T956285)[4](https://app.finbar.com/go?id=P44822014)[7](https://app.finbar.com/go?id=T956285)[22](https://app.finbar.com/go?id=P75140490)[7](https://app.finbar.com/go?id=T956285)[23](https://app.finbar.com/go?id=T16632652)[24](https://app.finbar.com/go?id=T8794743)

## Company history

Virtu’s roots trace to Madison Tyler Holdings (MTH), co-founded by Vincent Viola in 2002. Virtu Financial LLC was formed in 2011 through a reorganization involving MTH, and that year MTH combined with the historical Virtu East business. [25](https://app.finbar.com/go?id=P196291323)[26](https://app.finbar.com/go?id=P196290084)

Virtu went public on Nasdaq under the symbol VIRT in April 2015. It expanded through the acquisitions of KCG Holdings, completed in July 2017, and Investment Technology Group (ITG), completed in March 2019; the acquisitions broadened its business beyond its original electronic trading and market-making operations. [27](https://app.finbar.com/go?id=P196291642)[28](https://app.finbar.com/go?id=P105471629)[29](https://app.finbar.com/go?id=P96487686)

In July 2025, co-founder Douglas Cifu announced his retirement as CEO, with Aaron Simons named as his successor. [30](https://www.sec.gov/Archives/edgar/data/1592386/000095014225002061/eh250662475_ex9901.htm)
[25](https://app.finbar.com/go?id=P196291323)[26](https://app.finbar.com/go?id=P196290084)[27](https://app.finbar.com/go?id=P196291642)[28](https://app.finbar.com/go?id=P105471629)[29](https://app.finbar.com/go?id=P96487686)[30](https://www.sec.gov/Archives/edgar/data/1592386/000095014225002061/eh250662475_ex9901.htm)

## Sources

1. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34936917)
2. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28953866)
3. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P110458701)
4. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P44822014)
5. [www.virtu.com](https://www.virtu.com/our-commitment/)
6. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11482354)
7. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T956285)
8. [stockanalysis.com](https://stockanalysis.com/stocks/virt/employees/)
9. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12063053)
10. [Virtu Financial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145401763)
11. [Virtu Financial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145401689)
12. [www.virtu.com](https://www.virtu.com/solutions/liquidity/)
13. [www.virtu.com](https://www.virtu.com/solutions/execution/)
14. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P40468061)
15. [www.virtu.com](https://www.virtu.com/solutions/workflow/)
16. [www.virtu.com](https://www.virtu.com/solutions/analytics/)
17. [Virtu Financial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16632633)
18. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P81430660)
19. [www.virtu.com](https://www.virtu.com/contact/)
20. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1592386/000159238626000009/virt-20251231.htm)
21. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P35614877)
22. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75140490)
23. [Virtu Financial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16632652)
24. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8794743)
25. [Virtu Financial, Inc. — Full financial report (2015 Y)](https://app.finbar.com/go?id=P196291323)
26. [Virtu Financial, Inc. — Full financial report (2015 Y)](https://app.finbar.com/go?id=P196290084)
27. [Virtu Financial, Inc. — Full financial report (2015 Y)](https://app.finbar.com/go?id=P196291642)
28. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P105471629)
29. [Virtu Financial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P96487686)
30. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1592386/000095014225002061/eh250662475_ex9901.htm)

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