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June 02, 2015 8:32 PM ET

Capital Markets

Company Overview of Virtu Financial, Inc.

Company Overview

Virtu Financial, Inc. provides market making and liquidity services to the financial markets worldwide. It provides a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income, and other securities on various exchanges, markets, and liquidity pools. The company was founded in 2008 and is headquartered in New York, New York.

900 Third Avenue

29th Floor

New York, NY 10022

United States

Founded in 2008

148 Employees

Phone:

212-418-0100

Fax:

212-418-0123

Key Executives for Virtu Financial, Inc.

Chief Executive Officer, Director and Member of Nominating & Governance Committee
Age: 48
Total Annual Compensation: $1.0M
Founder, Executive Chairman and Member of Nominating & Governance Committee
Age: 58
Chief Financial Officer and Executive Vice President
Age: 45
Total Annual Compensation: $900.0K
Senior Vice President of Compliance, Regulatory and Government Affairs
Age: 44
Total Annual Compensation: $617.3K
Compensation as of Fiscal Year 2014.

Virtu Financial, Inc. Key Developments

Virtu Financial, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Equipment Write-Off for the First Quarter Ended March 31, 2015

Virtu Financial, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues increased 27.8% to $221.5 million compared to $173.3 million for the same period in 2014. GAAP pre-tax income increased 60.8% to $80.2 million compared to $49.9 million for the same period in 2014. GAAP net income increased 58.4% to $77.4 million compared to $48.9 million for the same period in 2014. GAAP net income on a comprehensive basis increased 48.8% to $72.8 million compared to $48.9 million for the same period in 2014. Adjusted net trading income increased 40.2% to $148.4 million compared to $105.8 million for the same period in 2014. Adjusted net income increased 57.3% to $87.9 million compared to $55.8 million for the same period in 2014. Income before income taxes was $80.172 million against $49.855 million a year ago. EBITDA was $97,490,000 against $63,941,000 a year ago. Adjusted EBITDA was $106.375 million against $70.839 million a year ago. On pro forma basis, the company reported total revenues of $221,528,000, income before income taxes of $76,033,000, net income of $66,617,000, net income attributable to company of $11,476,000 or $0.33 per diluted share, pro forma normalized adjusted net income per share was $58,828,000 or $0.42 per diluted share. Pro forma adjusted income before income taxes was $91,206,000. Adjusted EBITDA was $106,375,000. EBITDA was $92,723,000. For the first quarter of 2015, the company recorded equipment write-off of $1.468 million.

Virtu Financial, Inc. Appoints John D. Nixon to Board of Directors

Virtu Financial, Inc. announced that it has appointed John D. Nixon to its Board of Directors effective immediately. Nixon until recently was the Group Executive Director for Americas at ICAP (US) LLC, a position he held since May 2008. He served as a non-executive director of ICAP from 1998 to 2002. Mr. Nixon has more than 30 years international experience in the financial markets and has been responsible for business divisions and strategic acquisitions.

Virtu Financial, Inc. Presents at UBS Financial Services Conference, May-13-2015

Virtu Financial, Inc. Presents at UBS Financial Services Conference, May-13-2015 . Venue: Grand Hyatt New York, 109 East 42nd Street, New York, New York, United States. Speakers: Andrew Smith, Corporate Strategy & Investor Relations, Joseph Molluso, Chief Financial Officer and Executive Vice President.

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