Virtu Financial Announces Minority Investment in SBI Japannext
Posted: Mon Jul 04, 2016 4:47 pm
Leading liquidity provider and market-maker for global financial markets, Virtu Finanicial (Nasdaq: VIRT), which employs technology-driven trading solutions including high-frequency trading (HFT), has today announced it is making a minority investment in SBI Japannext, Co Ltd. (Japannext), according to an official statement.
Japanext is a Proprietary Trading System (PTS) in Tokyo, and the minority stake from Virtu Financial was described as part of the firm’s strategic long-term commitment to the Japanese marketplace. Terms of the transaction were not disclosed, as per an official statement from Virtu Financial.
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Entering into a strategic relationship with Japannext is a meaningful opportunity for Virtu ... (read more)