Virtu Celebrates Another Year Without a Single Day of Losses
(Bloomberg) -- High-frequency trading firm Virtu Financial Inc. celebrated another year without a single day of losses in 2014, continuing a near-perfect streak since the firm’s inception in 2009.
Virtu’s updated financial statement shows that the New York-based trader was profitable every day in 2014, generating revenue of $723.1 million and net income of $190.1 million. Virtu, which uses computerized strategies to buy and sell everything from stocks to currencies, has had only one losing day in six years of doing business.
Virtu makes markets in more than 11,000 securities and other financial products, trading on more than 225 exchanges in 34 countries, according to Friday’s document. The company, which has 148 employees, competes with firms such as KCG Holdings Inc. as well as New York Stock Exchange market makers.
