The Secret Success Sauce Inside Virtu Financial's S-1 Filing

HFA Padded
Mark Melin
Published on
Updated on

“Take two!” Virtu Financial, the high frequency trading firm whose initial public offering of stock was caught in the unexpected firestorm that was the book “Flash Boys” by Michael Lewis, is reviving the IPO plan they shelved last year amid controversy, is seeking $100 million. 99.9999 win percentage is an odd statistic As a recent Securities and Exchange filing reveals, the company, operated by a litany of some of the exchange world’s top executives, boasts that out of 1,485 trading days it has only one losing day.  This is the key statistics that left those familiar with algorithmic trading scratching…

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HFA Padded

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.