High frequency trading is normally a private, non-disclosed business typically kept under the radar and beyond the prying eyes of regulators. But Virtu Financial is blazing new trails, filing confidential documents for an initial public stock offering, according to a report in the Wall Street Journal. Former derivatives exchange offical founded Virtu The firm, with 150 employees and founded by former chairman of the New York Mercantile Exchange (NYMEX) Vincent Viola, has been profitable with $274 million of net 2013 earnings on $415 million in gross revenue, up almost 11% from the prior year, according to the report. Performance reviewed…
High Frequency Trading Firm Virtu Plans Rare IPO
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.