Virtu Financial Announces Enhancements to FX Products and Services

Leading provider of financial services and products Virtu Financial announced that it has enhanced its broker-neutral FX offering, including the enhancements in Execution Management Platform for FX, Broker - Neutral Access to Dealer Liquidity, FX Trade Analytics and Data and FX Post-Trade Services.

To support the firms’ strategic initiative to deliver a one-stop solution for buy-side FX execution, Virtu is seeking to provide participants in the FX market with transparency, reduced implementation costs, data-driven execution, measurement and long-term clearing solutions.

The press release detailed that the new FX execution capabilities are being added to Triton, its global multi-asset class EMS used by institutional trading desks to manage market access and execution needs.

Further, Virtu is also making its API trading infrastructure available for broker-neutral FX client trading. And its global and multi-asset class TCA is integrated with the firm’s workflow solutions.

In addition, Virtu is also expanding its global TradeOps post-trade services to include FX trades matching, confirmations and settlement instruction handling.

“These initiatives fully leverage Virtu’s technology, analytics and post-trade service capabilities in supporting our buy-side clients. By broadening our range of products and services we are delivering our strategic vision of bringing transparency, and Virtu’s technology and excellence in trading and execution, to our clients and to the FX market globally,” said Douglas Cifu, Co-founder and CEO.