The firm's revenues surged to $642.8 million, fuelled by a trading income of $408.1 million.
Cindy Lee, the current Deputy CFO, will assume the role of CFO on August 1, 2024.
In the latest financial report released by Virtu Financial,
Inc. (NASDAQ: VIRT), covering the first quarter of 2024, the company showcased
robust performance. Virtu reported a net income of $111.3 million, alongside a
notable Normalized Adjusted Net Income of $124.3 million.
Q1 Performance: Revenues Surge to $642.8 Million
Driving these figures was the company's total revenues,
which soared to $642.8 million, buoyed by a substantial trading income, net, of
$408.1 million. Virtu's net income margin was reported at 17.3%.
Further highlighting its financial strength, Virtu reported
an Adjusted Net Trading Income of $366.9 million. The company's operational
prowess was evident in its Adjusted EBITDA figure, which amounted to
$202.8 million, accompanied by an Adjusted EBITDA Margin of 55.3%.
Meanwhile, 360T
and Virtu Financial have forged a strategic partnership to provide
integrated FX Trading Analytics and Transaction Cost Analysis (TCA) services,
as reported by Finance Magnates.
Through this collaboration, clients of 360T can leverage Virtu’s Trading
Analytics to monitor and analyze their trading activity on the platform.
Virtu's FX Trading Analytics and TCA offer data-driven insights aimed at
optimizing FX trading for corporate treasurers and asset managers.
Announcing CFO Transition, Senior Role Continues
Cindy Lee, currently the Deputy Chief Financial Officer at Virtu
Financial, is set to assume the role of CFO on August 1, 2024. This transition
follows the company's long-term succession planning. Sean Galvin, the current
CFO since 2020, will continue with Virtu in a senior capacity to facilitate a
smooth leadership transition.
With a background in financial services, Lee joined
Virtu in 2011 and has held various positions in global finance. As Deputy CFO,
she has overseen global finance and corporate treasury functions. Lee played a
key role in automating financial processes and expanding the finance team. Her
contributions were vital to Virtu's IPO in 2015 and the integration of
acquisitions like KCG in 2017 and ITG in 2019.
Prior to joining Virtu, Lee worked at The Royal Bank of
Scotland and Deloitte & Touche as an auditor. She holds both a Master’s degree and a Bachelor’s degree in Accounting from the University of Connecticut.
In the latest financial report released by Virtu Financial,
Inc. (NASDAQ: VIRT), covering the first quarter of 2024, the company showcased
robust performance. Virtu reported a net income of $111.3 million, alongside a
notable Normalized Adjusted Net Income of $124.3 million.
Q1 Performance: Revenues Surge to $642.8 Million
Driving these figures was the company's total revenues,
which soared to $642.8 million, buoyed by a substantial trading income, net, of
$408.1 million. Virtu's net income margin was reported at 17.3%.
Further highlighting its financial strength, Virtu reported
an Adjusted Net Trading Income of $366.9 million. The company's operational
prowess was evident in its Adjusted EBITDA figure, which amounted to
$202.8 million, accompanied by an Adjusted EBITDA Margin of 55.3%.
Meanwhile, 360T
and Virtu Financial have forged a strategic partnership to provide
integrated FX Trading Analytics and Transaction Cost Analysis (TCA) services,
as reported by Finance Magnates.
Through this collaboration, clients of 360T can leverage Virtu’s Trading
Analytics to monitor and analyze their trading activity on the platform.
Virtu's FX Trading Analytics and TCA offer data-driven insights aimed at
optimizing FX trading for corporate treasurers and asset managers.
Announcing CFO Transition, Senior Role Continues
Cindy Lee, currently the Deputy Chief Financial Officer at Virtu
Financial, is set to assume the role of CFO on August 1, 2024. This transition
follows the company's long-term succession planning. Sean Galvin, the current
CFO since 2020, will continue with Virtu in a senior capacity to facilitate a
smooth leadership transition.
With a background in financial services, Lee joined
Virtu in 2011 and has held various positions in global finance. As Deputy CFO,
she has overseen global finance and corporate treasury functions. Lee played a
key role in automating financial processes and expanding the finance team. Her
contributions were vital to Virtu's IPO in 2015 and the integration of
acquisitions like KCG in 2017 and ITG in 2019.
Prior to joining Virtu, Lee worked at The Royal Bank of
Scotland and Deloitte & Touche as an auditor. She holds both a Master’s degree and a Bachelor’s degree in Accounting from the University of Connecticut.
Standard Chartered Partners with Clearstream to Support UAE Domiciled Funds
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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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.
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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
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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