Virtu Financial Launches Alert+ to Enhance Automated Block Trading Products
22 Junho 2023 - 10:00AM
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, today announced the launch of Alert+,
a new workflow solution available in POSIT Alert that enhances the
features of POSIT Alert by providing automated routing to Virtu’s
Covert execution algorithm to seek non-displayed liquidity.
Virtu’s global institutional network of block
indications, POSIT Alert, helps clients connect with block
liquidity opportunities globally in 38 countries by sourcing
liquidity directly from traders’ OMSs, as well as electronic
conditional orders, and enables automated matching.
Alert+ allows Posit Alert front-end users to seek
non-displayed liquidity more efficiently by electing to immediately
route residual share quantities to Virtu’s Covert execution
algorithm upon the completion of a match in POSIT Alert. This new
tool enables traders to automate workflows and is designed to
source incremental non-displayed liquidity and, when desired,
complete orders more quickly with the goal of reducing execution
risk for the trader.
“For years now, clients using the POSIT Alert
front-end application have benefited from having access to POSIT
Alert’s global network of block liquidity, as well as Virtu’s suite
of transparent execution algorithms,” said Brad Johmann, Virtu’s
Global Head of POSIT Alert and US ATSs. “With the launch of Alert+,
clients now have the option to integrate these two products through
automation to enhance and streamline their search for non-displayed
liquidity.”
“As non-displayed liquidity continues to grow
around the world, our clients have asked for more tools to
efficiently source this liquidity to improve their execution
outcomes. Alert+ was built with the goals of enhancing our clients’
execution performance by leveraging Virtu’s unique liquidity
seeking products and making clients’ lives easier via automation,”
added Michelle Butler, European Head of POSIT Alert.
POSIT Alert, POSIT, and the Virtu Frontier suite of
execution algorithms are available in North America, Europe and the
Asia Pacific region via Virtu’s multi-asset class and
broker-neutral Triton execution management system (EMS) and also
via FIX connection to Virtu from third-party trading systems. For
more information about Virtu’s liquidity solutions, workflow
technology platforms and other execution tools, please visit
Virtu’s Client Solutions page
at www.virtu.com/solutions or contact info@virtu.com.
About Virtu Financial, Inc.Virtu
is a leading provider of financial services and products that
leverages cutting-edge technology to deliver liquidity to the
global markets and innovative, transparent trading solutions to its
clients. 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-
intra- and post-trade services, data products and compliance tools
that clients rely upon to invest, trade and manage risk across
global markets.
Contact:
Investor Relations and Media
RelationsAndrew Smithmedia@virtu.com
investor_relations@virtu.com
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