The Big Interview: Doug Cifu
The Trade speaks to Virtu Financial's chief executive officer, Doug Cifu about the firm's often misunderstood business model, its move into the derivatives swaps market, and European regulation.
Tag: market making
Virtu struggling with swaps market making expansion
A slow up-take in electronic trading of OTC derivatives has hampered Virtu's ambitious market-making plans.
CBOE looks to bring back interest in Treasury futures
CBOE is exploring an incentive scheme to bring a more diverse set of liquidity providers for the product.
Candriam hires former market maker to navigate illiquid asset classes
Asset manager says hiring sell-side experts can help it to solve problem of illiquid markets.
Citadel in European market making expansion
The move could radically shake up the hold of traditional bank players in European market making.
Hedge funds to see increased role in Europe’s bond market
Buy-side companies with less regulatory constraints could see a greater role in market making.
KCG Europe launches Catch algo in bid to grow institutional business
Catch liquidity seeking algo aims to take strengths of market making business and offer them to buy-side clients.
KCG sells NYSE market maker to Citadel
Deal sees second NYSE market maker sold to HFT firm in two weeks.
GTS acquires Barclays' market making business
The deal marks the latest pull-back from investment banking operations by Barclays.