The
opportunity to invest in companies at an early stage of their development can
be risky, but it can also yield above-average returns. Unfortunately, primary
and initial public offering (IPO) markets are often reserved only for
institutional investors or major players, leaving out retail investors. Virtu
Financial intends to change this with the assistance of InvestorLink, a primary
market technology provider. Their goal is to facilitate and broaden access,
addressing the ever-growing demand from this segment.
Virtu
Financial’s capabilities in market making, order routing, and data modeling
have been combined with InvestorLink’s technological solutions to meet the increasing
interest of retail investors in primary and IPO markets.
InvestorLink’s
order management and AI-powered matching platform will now function with
Virtu’s vast global infrastructure. This grants underwriters access to Virtu’s
extensive network of retail broker-dealers. Additionally, there is an extension
to support access to secondary market liquidity .
“We
are delighted to collaborate with InvestorLink to help connect retail brokers
with hard-to-access investment solutions,” Stephen Kay, the Global Head of
Broker-Dealer Sales at Virtu, stated. “By combining Virtu’s connectivity
to all major custodians, clearing firms, and TAMPs with InvestorLink’s advanced
primary market technology solutions, we are confident in our ability to drive
significant value for all stakeholders.”
The Future of Market
Participation
This new
collaboration is primed to change conventional market structures. All
participants can anticipate advantages like improved access, better liquidity,
and heightened transparency. The cumulative effect is anticipated to lead to a
market ecosystem that operates with higher efficiency.
Matt
Michel, the Founder and Managing Partner of InvestorLink, spoke about the
newest partnership with Virtu Financial, emphasizing its significance in
advancing retail connectivity to primary markets. Michel highlighted the use of
their technology platform to bridge Virtu’s retail broker network with primary
capital markets.
“Together,
we will build on InvestorLink’s track record of providing access to billions of
dollars of primary market products by delivering interoperability to offerings
across equity and fixed-income markets. We are excited to leverage Virtu’s
global reach and expertise in serving retail investors’ needs to create a
data-driven solution offering enhanced distribution and execution for the 28
leading investment banks we support,” he concluded.
Virtu’s Latest Results and
Staff Reshuffles
According
to the recent financial statement from July, the electronic market maker based
in New York reported a decrease in revenue and net trading income for Q2 of
this year. The total revenue for this quarter amounted to $506.9 million,
marking a decrease of 17% quarter-over-quart (QoQ) and a decrease of 16.2% year-over-year (YoY).
Virtu recorded a net trading income of $306.2 million for the previous quarter. This
indicates a reduction of 26% QoQ from $411.5 million and a decline of 23% from
the $395.9 million earned during the same time in 2022.
In 2022,
the revenue and net trading income were lower than the previous year.
Specifically, the fourth quarter saw a significant reduction of 43.6% YoY in total
revenue, coming in at $274.1 million as opposed to the $485.6 million reported
the year before.
On another
note, Virtu announced a leadership change. Michael Viola is set to succeed
Robert Greifeld as the Chairman after Greifeld stepped down. Greifeld has been
leading Virtu Financial as its Chairman since July 2017.
The
opportunity to invest in companies at an early stage of their development can
be risky, but it can also yield above-average returns. Unfortunately, primary
and initial public offering (IPO) markets are often reserved only for
institutional investors or major players, leaving out retail investors. Virtu
Financial intends to change this with the assistance of InvestorLink, a primary
market technology provider. Their goal is to facilitate and broaden access,
addressing the ever-growing demand from this segment.
Virtu
Financial’s capabilities in market making, order routing, and data modeling
have been combined with InvestorLink’s technological solutions to meet the increasing
interest of retail investors in primary and IPO markets.
InvestorLink’s
order management and AI-powered matching platform will now function with
Virtu’s vast global infrastructure. This grants underwriters access to Virtu’s
extensive network of retail broker-dealers. Additionally, there is an extension
to support access to secondary market liquidity .
“We
are delighted to collaborate with InvestorLink to help connect retail brokers
with hard-to-access investment solutions,” Stephen Kay, the Global Head of
Broker-Dealer Sales at Virtu, stated. “By combining Virtu’s connectivity
to all major custodians, clearing firms, and TAMPs with InvestorLink’s advanced
primary market technology solutions, we are confident in our ability to drive
significant value for all stakeholders.”
The Future of Market
Participation
This new
collaboration is primed to change conventional market structures. All
participants can anticipate advantages like improved access, better liquidity,
and heightened transparency. The cumulative effect is anticipated to lead to a
market ecosystem that operates with higher efficiency.
Matt
Michel, the Founder and Managing Partner of InvestorLink, spoke about the
newest partnership with Virtu Financial, emphasizing its significance in
advancing retail connectivity to primary markets. Michel highlighted the use of
their technology platform to bridge Virtu’s retail broker network with primary
capital markets.
“Together,
we will build on InvestorLink’s track record of providing access to billions of
dollars of primary market products by delivering interoperability to offerings
across equity and fixed-income markets. We are excited to leverage Virtu’s
global reach and expertise in serving retail investors’ needs to create a
data-driven solution offering enhanced distribution and execution for the 28
leading investment banks we support,” he concluded.
Virtu’s Latest Results and
Staff Reshuffles
According
to the recent financial statement from July, the electronic market maker based
in New York reported a decrease in revenue and net trading income for Q2 of
this year. The total revenue for this quarter amounted to $506.9 million,
marking a decrease of 17% quarter-over-quart (QoQ) and a decrease of 16.2% year-over-year (YoY).
Virtu recorded a net trading income of $306.2 million for the previous quarter. This
indicates a reduction of 26% QoQ from $411.5 million and a decline of 23% from
the $395.9 million earned during the same time in 2022.
In 2022,
the revenue and net trading income were lower than the previous year.
Specifically, the fourth quarter saw a significant reduction of 43.6% YoY in total
revenue, coming in at $274.1 million as opposed to the $485.6 million reported
the year before.
On another
note, Virtu announced a leadership change. Michael Viola is set to succeed
Robert Greifeld as the Chairman after Greifeld stepped down. Greifeld has been
leading Virtu Financial as its Chairman since July 2017.
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- Source: https://www.financemagnates.com//institutional-forex/virtu-financial-enhances-retail-investors-access-to-primary-markets/
