Virtu Financial and MarketAxess Announced ETF Partnership
- The new suite of services is expected to go live in Q3 of this year
High-frequency trading firm Virtu Financial announced a partnership with financial technology company MarketAxess to provide companies with trading tools and access to exchange-traded funds (ETFs) and fixed income securities.
The two firms expect the new set of products to launch in the third quarter of this year.
“We are pleased to partner with Virtu to deliver institutional investors a new, cost-efficient, secure solution for achieving quality execution in ETFs,” MarketAxess President Chris Concannon said.
“ETFs have grown quickly to become an integral feature of the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term landscape in global credit markets. Our entry into ETF trading with Virtu is a natural extension of our success...in the credit markets.”
Currencies coverage
The new deal will see the clients of the two firms receive global coverage for currency and securities markets.
Investors will also be able to dabble - anonymously - in the ETF market via a request-for-quote protocol.
Anyone wishing to trade in ETFs will also have access to eNAV. Part of Virtu’s Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term suite, eNAV acts as a streaming fair value tool for ETFs.
“This exciting and complementary partnership combines MarketAxess’s leading fixed-income platform with Virtu’s global multi-asset class and ETF expertise,” said Doug Cifu, Virtu Financial chief executive officer.
“Clients of MarketAxess will have access to Virtu’s leading ETF platform RFQ-hub and will benefit from the seamless integration of RFQ-hub’s ETF trading and analytics services. In addition, RFQ-hub will have access to MarketAxess’ leading fixed income platform.”
High-frequency trading firm Virtu Financial announced a partnership with financial technology company MarketAxess to provide companies with trading tools and access to exchange-traded funds (ETFs) and fixed income securities.
The two firms expect the new set of products to launch in the third quarter of this year.
“We are pleased to partner with Virtu to deliver institutional investors a new, cost-efficient, secure solution for achieving quality execution in ETFs,” MarketAxess President Chris Concannon said.
“ETFs have grown quickly to become an integral feature of the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term landscape in global credit markets. Our entry into ETF trading with Virtu is a natural extension of our success...in the credit markets.”
Currencies coverage
The new deal will see the clients of the two firms receive global coverage for currency and securities markets.
Investors will also be able to dabble - anonymously - in the ETF market via a request-for-quote protocol.
Anyone wishing to trade in ETFs will also have access to eNAV. Part of Virtu’s Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term suite, eNAV acts as a streaming fair value tool for ETFs.
“This exciting and complementary partnership combines MarketAxess’s leading fixed-income platform with Virtu’s global multi-asset class and ETF expertise,” said Doug Cifu, Virtu Financial chief executive officer.
“Clients of MarketAxess will have access to Virtu’s leading ETF platform RFQ-hub and will benefit from the seamless integration of RFQ-hub’s ETF trading and analytics services. In addition, RFQ-hub will have access to MarketAxess’ leading fixed income platform.”