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Virtu Financial and Limina Team Up to Streamline Post-Trade Operations
ZACKS· 2025-06-10 13:51
Core Insights - Virtu Financial Inc. has partnered with Limina to enhance post-trade processing through its TradeOPS platform, aiming to improve trade workflows and client experience [1][9] - The collaboration focuses on automating post-trade tasks, addressing challenges like T+1 settlement cycles and the transition from SWIFT MT to MX, ultimately reducing errors and compliance costs for buy-side firms [2][9] - This strategic partnership allows Virtu to expand its market reach, particularly in Europe, and aims to increase recurring service revenues and client loyalty [3] Company Developments - Earlier in the year, Virtu launched Virtu Technology Solutions to enhance capabilities for sell-side broker-dealers, providing advanced technology for market access and execution [4] - Virtu is implementing a dual-front strategy by offering services to both buy-side and sell-side clients, positioning itself as a comprehensive tech-driven infrastructure provider [5] - In Q1 2025, Virtu reported a 39.6% year-over-year increase in adjusted net trading income in its market-making segment and a 23.5% increase in its execution services unit [5] Stock Performance - Over the past year, Virtu Financial shares have increased by 72.8%, significantly outperforming the industry growth of 12.6% [6]
Virtu Financial Announces Strategic TradeOPS Collaboration, Welcoming First Joint Client
Globenewswire· 2025-06-10 05:00
Core Insights - Virtu Financial and Limina have announced a strategic collaboration to enhance Virtu's TradeOPS platform, aimed at improving post-trade workflows for buyside firms [1][2]. Group 1: Collaboration Details - The collaboration focuses on integrating Virtu's TradeOPS with Limina's cloud-native Order and Portfolio Management System (O/PMS), providing a fully-integrated workflow for clients [2]. - The first joint client, Cliens, is already utilizing the combined capabilities of Virtu's TradeOPS and Limina's platform [3]. - The partnership aims to address operational challenges introduced by recent changes in post-trade settlement processes, such as the shift to T+1 [4]. Group 2: Company Profiles - Virtu Financial is a leading financial services firm that offers execution services, data analytics, and connectivity products across multiple asset classes and global markets [6]. - Limina provides a modern Investment Management Platform designed to enhance productivity and manage operational risks for investment managers [7]. - Cliens is a Swedish active fund manager focused on delivering long-term high returns through various investment strategies [8].