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Virtu Financial, Inc. VIRT recently announced that it has launched Virtu Technology Solutions (VTS). This newly structured product suite extends the capabilities of Virtu Execution Services (VES) to sell-side broker-dealers worldwide. This would allow broker-dealers to leverage Virtu’s cutting-edge technology for enhanced market access, execution, and analytics.
This move bodes well for Virtu as it will solidify its position as a key technology provider for broker-dealers, delivering a comprehensive, scalable, and modular suite of multi-asset solutions. VTS integrates Virtu’s Workflow Solutions, Analytics, and Broker-Dealer tools into a seamless package, ensuring streamlined execution and market access. It has a global connection of over 60 markets and 235 venues, along with the management of more than 10,000 broker FIX connections. VTS provides a turn-key solution that caters to the front-to-back-office needs of sell-side firms.
An increased customer base for VIRT should benefit the Execution Services segment in the future. As more broker-dealers adopt VTS, the segment should witness a rise in trade flow, leading to increased commissions. VIRT’s internal broker-dealer infrastructure offers an unparalleled range of products in the industry. By making these resources widely available, VTS empowers broker-dealers of all sizes, enabling them to compete more effectively in a fast-evolving market landscape.
This strategic expansion strengthens Virtu’s market position while addressing the growing demand for cost-effective, high-performance trading solutions in the sell-side segment. Broker-dealers seeking to enhance efficiency and market access can now capitalize on Virtu’s robust infrastructure to drive business growth and success.
Zacks Rank and Price Performance
VIRT currently has a Zacks Rank #1 (Strong Buy).
Shares of Virtu Financial have gained 92.4% in the past year compared with the industry’s 3.4% growth.
Image Source: Zacks Investment Research
Stocks to Consider
Investors interested in the broader Finance space may look at some other top-ranked players like ProAssurance Corporation PRA, Enova International, Inc. ENVA and Jackson Financial Inc. JXN. ProAssurance currently sports a Zacks Rank #1, while Enova International and Jackson Financial carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ProAssurance’s current-year earnings is pegged at 91 cents. In the past two months, PRA has witnessed two upward estimate revisions against none in the opposite direction. The consensus mark for current-year revenues is pegged at $1.1 billion. The company beat earnings estimates in the past four quarters, with an average surprise of 152.7%.