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Virtu Financial and Limina Team Up to Streamline Post-Trade Operations
ZACKSยท 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]