Total revenues in the final quarter of 2018 fell by 4.8 per cent year-on-year.
Virtu Financial, Inc., a high-speed trading firm and provider of Liquidity to the global financial markets, has announced its results for the fourth quarter and full-year of 2018 this Thursday.
For the fourth quarter, which ended on the 31st of December 2018, total revenues were $442.2 million. When comparing this to the same quarter in 2017, which had total revenues of $464.5, this is down by 4.8 percent.
Contributing to the total revenues is trading income. During the final quarter of 2018 Virtu reported a net trading income of $366.2 million. Unlike revenues, this sector actually increased on an annual basis, jumping by around 29.8 percent from $286.4 million in Q4 of 2017.
On an adjusted basis, net trading income for the fourth quarter was $299.2 million, up 26.1 percent year-on-year. Trading in global fixed-income, currencies, and commodities (FICC), options and other contributed $39.42 million towards trading income during the period, which is 28.8 percent more than the same period in 2017.
Virtu Full Year Revenues Climb by 82 Percent
Taking a look at the results for the whole of 2018, total revenues were $1.88 billion. Unlike the fourth quarter, the whole year finished on a positive note, with revenues climbing by a significant 82 percent from $1.03 billion in 2017.
Net trading income for the full year was $1.27 billion (adjusted $1.02 billion). This represents an increase of 39.5 percent when compared to the previous year, which had a net trading income of $766.03 million.
Commenting on the results, Douglas Cifu, the Chief Executive Officer of Virtu Financial said: “The benefits of Virtu’s scale and the fruits of our multi-asset class global business, as well as continued benefits from our acquisition of KCG all contributed to the outstanding performance in our business against a positive backdrop for our market making services."
“Our customer as well as non-customer facing market making platforms performed very well in the fourth quarter as Volatility persisted. For the full year 2018, we demonstrated once again the durability of our model and the ability to generate strong earnings and cash flows even in less than ideal environments, and outperform when market conditions are more favorable.”
Virtu Financial, Inc., a high-speed trading firm and provider of Liquidity to the global financial markets, has announced its results for the fourth quarter and full-year of 2018 this Thursday.
For the fourth quarter, which ended on the 31st of December 2018, total revenues were $442.2 million. When comparing this to the same quarter in 2017, which had total revenues of $464.5, this is down by 4.8 percent.
Contributing to the total revenues is trading income. During the final quarter of 2018 Virtu reported a net trading income of $366.2 million. Unlike revenues, this sector actually increased on an annual basis, jumping by around 29.8 percent from $286.4 million in Q4 of 2017.
On an adjusted basis, net trading income for the fourth quarter was $299.2 million, up 26.1 percent year-on-year. Trading in global fixed-income, currencies, and commodities (FICC), options and other contributed $39.42 million towards trading income during the period, which is 28.8 percent more than the same period in 2017.
Virtu Full Year Revenues Climb by 82 Percent
Taking a look at the results for the whole of 2018, total revenues were $1.88 billion. Unlike the fourth quarter, the whole year finished on a positive note, with revenues climbing by a significant 82 percent from $1.03 billion in 2017.
Net trading income for the full year was $1.27 billion (adjusted $1.02 billion). This represents an increase of 39.5 percent when compared to the previous year, which had a net trading income of $766.03 million.
Commenting on the results, Douglas Cifu, the Chief Executive Officer of Virtu Financial said: “The benefits of Virtu’s scale and the fruits of our multi-asset class global business, as well as continued benefits from our acquisition of KCG all contributed to the outstanding performance in our business against a positive backdrop for our market making services."
“Our customer as well as non-customer facing market making platforms performed very well in the fourth quarter as Volatility persisted. For the full year 2018, we demonstrated once again the durability of our model and the ability to generate strong earnings and cash flows even in less than ideal environments, and outperform when market conditions are more favorable.”
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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