Virtu Named No. 1 Buyside Analytics Provider by Bloomberg
October 12 2023 - 7:00AM
Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of global,
multi-asset financial services that delivers liquidity and
innovative, transparent products across the complete investment
cycle to the global markets, announces today that Bloomberg named
Virtu the No. 1 buyside transaction cost analysis (TCA) provider in
its Euro Equity Trading Survey.
According to Bloomberg’s 2023 survey, Head and Senior Traders
preferred Virtu’s TCA over alternative providers. Survey
participants ranked “Quality of Output Data” as the most important
factor followed by “Ease of Use” and “Customization.”
Kevin O’Connor, Head of Analytics commented, "We are more than
pleased to see that our customers continue to value the TCA
services we provide. To remain competitive in a constantly evolving
market, we frequently solicit feedback to guide our enhancements
and development of new products. We will continue to invest in
robust, accessible, multi-asset TCA as we look to provide more
valuable content and services to our customers."
TCA has evolved from a check the box exercise to a value-add
tool in the buyside traders' arsenal. Good TCA is used not just for
post-trade, but also pre-trade and intra-trade. More than half of
Bloomberg’s survey participants estimate pre-trade TCA, 70% of
traders at large banks engage in this practice.
About Virtu Financial, Inc.Virtu is a leading
financial services firm that leverages cutting-edge technology to
provide execution services and data, analytics and connectivity
products to its clients and deliver liquidity to the global
markets. Leveraging its global market making expertise and
infrastructure, Virtu provides a robust product suite including
offerings in execution, liquidity sourcing, analytics and
broker-neutral, multi-dealer platforms in workflow technology.
Virtu’s product offerings allow clients to trade on hundreds of
venues across 50+ countries and in multiple asset classes,
including global equities, ETFs, foreign exchange, futures, fixed
income and myriad other commodities. In addition, Virtu’s
integrated, multi-asset analytics platform provides a range of pre-
and post-trade services, data products and compliance tools that
clients rely upon to invest, trade and manage risk across global
markets.
Media RelationsAndrew
Smithmedia@virtu.com
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