Virtu Releases Statement
March 16 2017 - 7:00AM
Virtu Financial, Inc. (NASDAQ:VIRT) a leading
technology-enabled market maker and liquidity provider to the
global financial markets, today released the following statement:
“While we typically do not as a matter of policy
comment about Virtu’s merger and acquisition activities, following
yesterday’s press release by KCG Holdings, Inc. we can confirm that
Virtu made a preliminary, non-binding proposal to acquire
KCG. There are no assurances that any transaction will result
from this proposal and Virtu does not intend to make any additional
comments regarding this matter at this time.”
About Virtu Financial, Inc.
Virtu is a leading technology-enabled market maker and liquidity
provider to the global financial markets. We stand ready, at any
time, to buy or sell a broad range of securities and other
financial instruments, and we generate revenue by buying and
selling securities and other financial instruments and earning
small amounts of money on individual transactions based on the
difference between what buyers are willing to pay and what sellers
are willing to accept, which we refer to as “bid/ask spreads,”
across a large volume of transactions. We make markets by providing
quotations to buyers and sellers in more than 12,000 securities and
other financial instruments on more than 235 unique exchanges,
markets and liquidity pools in 36 countries around the world. We
believe that our broad diversification, in combination with our
proprietary technology platform and low-cost structure, enables us
to facilitate risk transfer between global capital markets
participants by supplying liquidity and competitive pricing while
at the same time earning attractive margins and returns.
Cautionary Note Regarding Forward-Looking
Statements
The foregoing information and certain oral statements made from
time to time by representatives of the Company contain certain
forward-looking statements that reflect the company’s current views
with respect to certain current and future events and financial
performance. These forward-looking statements are and will be, as
the case may be, subject to many risks, uncertainties and factors
relating to the Company’s operations and business environment which
may cause the company’s actual results to be materially different
from any future results, expressed or implied, in these
forward-looking statements. Any forward-looking statements in this
release are based upon information available to the company on the
date of this release. The Company does not undertake to publicly
update or revise its forward-looking statements even if experience
or future changes make it clear that any statements expressed or
implied therein will not be realized. Additional information on
risk factors that could potentially affect the Company’s financial
results may be found in the Company’s filings with the Securities
and Exchange Commission.
CONTACT
Investor RelationsAndrew SmithVirtu
Financial, Inc.(212) 418-0195investor_relations@virtu.com
Media Relationsmedia@virtu.com
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