Learn more about the four firms shortlisted for The TRADE’s 2023 Editors’ Choice Award for Outstanding Dark Trading Venue: including Cboe BIDS Europe, Goldman Sachs’ Sigma X, Liquidnet and Virtu POSIT.
InvestorLink to integrate order management and AI-based matching platform with Virtu’s infrastructure to give retail broker-dealers access to the primary markets and secondary market liquidity.
New Alert+ solution automatically routes any residual from an order to Virtu’s Covert algorithm to be executed in the dark once a match is completed on POSIT Alert.
The TRADE highlights the top five most read stories across Europe in H1 2022, including news from DTCC, Euroclear and Clearstream, LSEG, Virtu and BNP Paribas.
The addition brings the total number of trading participants on the equities exchange to 95.
Market maker paid out the most in payment for order flow in 2020 and 2021, including $1.7 billion spent on options, followed by Susquehanna and Virtu Financial.
Union Investment negotiated the first-fully electronic swaptions via the RFQ-hub - which resulted in an OTC trade executed in that instrument - earlier this year.
Alongside changes to matching rules and new subscriber segmentation, the Virtu POSIT ATS will also undergo a technological rebuild to improve system performance.
In response to Liquidnet Canada raising its fees five-fold, Virtu Financial has reduced its POSIT Alert Canada commissions, The TRADE understands.
Tools will enable buy-side clients at Virtu to manage data across trading strategy selection, cost attribution and counterparty evaluation.