Virtu Financial is a leading financial technology firm that delivers liquidity to the global markets and innovative, transparent trading solutions to buy-side and sell-side institutions. Virtu recently acquired ITG to create a premier agency execution and broker neutral workflow and analytics franchise. Virtu’s RFQ-hub is a market leader in equity derivatives and structured products and is active in ETFs. MarketAxess is the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets.
Chris Concannon, President at MarketAxess, commented:“We are pleased to partner with Virtu to deliver institutional investors a new, cost-efficient, secure solution for achieving quality execution in ETFs. ETFs have grown quickly to become an integral feature of the liquidity landscape in global credit markets. Our entry into ETF trading with Virtu is a natural extension of our success with Open Trading™, now established as the preferred all-to-all trading solution in the credit markets.”
Doug Cifu, Chief Executive Officer at Virtu Financial, added:“This exciting and complementary partnership combines MarketAxess’s leading fixed-income platform with Virtu’s global multi-asset class and ETF expertise. Clients of MarketAxess will have access to Virtu’s leading ETF platform RFQ-hub and will benefit from the seamless integration of RFQ-hub’s ETF trading and analytics services. In addition, RFQ-hub will have access to MarketAxess’ leading fixed income platform.”