The effects of COVID-19 have upended so many facets of daily life around the world but it has also shown how interconnected we all are. From the outset of the pandemic, Virtu has been unwavering in its commitment to provide excellent service to our clients, supporting a safe work environment for our employees and giving back to our communities.  

Douglas Cifu, Co-founder and CEO, Virtu

Focusing on Our People

The safety and well-being of our people has been the number one priority since the onset of COVID-19. To assist employees and their families during this challenging time we deployed:

  • The necessary technology and equipment to support an ergonomic, productive work environment whilst WFH
  • Employee assistance program to help employees better balance work and personal life
  • Virtual events to support our culture of togetherness and keep employees engaged
  • Firm-wide centralized communications hub and daily updates from our CEO and other leaders throughout the firm

We are developing plans to bring people back to the office, but this will be a cautious and methodical process.

~95%

of Virtu’s global staff were working remotely when the pandemic hit in mid-March

We are going to take our time bringing folks back to the Virtu offices, this is not a race I want to win.

Douglas Cifu,
Co-founder and CEO, Virtu

Servicing Our Clients

Our clients rely on our assistance to navigate the always changing global environment, liquidity sourcing, risk transfer and management and actionable, data-driven insights to help them improve performance and reduce costs across multiple asset classes globally. Here are some of the benefits our products and services have delivered in recent months:

Client
Market Making

Under prolonged market stress, Virtu Client Market Making (VCMM) handled extraordinary trading volumes and delivered over

$365 million

USD of price improvement to retail investors for the first 4 months of 20201

Client
Engagement

We have found new ways to engage with our clients and prospects in a physically distant environment by hosting almost 20 Virtu U webinars with

1,000+

clients attending events from March to YTD 2020

Global EMS Supports
Multi-Asset Workflows

Our Triton EMS has expanded
coverage across asset classes.

In 1Q 2020,

100+ billion

shares traded on the Triton platform1

1 Virtu Financial

Virtu Execution Services

Frontier Execution Algos

Use order placement logic that is triggered into action by real-time time market data. During the recent periods of high volume and volatility (March-April 2020) our capture rates have remained strong.

Trade Analytics & Data

Clients across the globe requested customized multi-asset and broker-neutral Trade Analytics and Data to help them confirm and adapt execution strategies.

Automation functionality

Our Workflow Technology product offerings include user-defined auto-routing, Algo Wheel, exception-based monitoring and highly visual real-time feedback from the Virtu Analytics Portal to enable efficient and streamlined workflows.

Execution Concierge Service

Helped clients with their outsourced trading needs whether they needed an extra pair of hands during busy periods or if they needed execution expertise in asset classes or countries they don’t usually transact in.

Virtu Capital Market

Assists public companies to raise primary capital. In 1Q 2020 Virtu’s At-The-Market offering helped raise US$200m followed by approximately US$300m in April 2020.

Open Technology 

Virtu’s new data-as-a-service platform launched in May 2020 and enables clients to call on their data via APIs so they can analyze in-house or via third party systems.

Giving Back to Our Communities

We passionately value and care about the communities in which we live and work by giving back in the form of food, financial resources and our time.

The COVID-19 charities we support span the globe and includes a wide array of assistance outreach examples such as:

  • Food insecurity relief
  • Various community outreach and social programs
  • Medical, therapeutic and mental health assistance
  • Front-line emergency care workers relief
  • Find-a-cure research

90+

global COVID-19 focused charitable organizations Virtu and the Viola Family Foundation have contributed to YTD

$5 million

USD commitment to match employee donations in support of COVID-19 relief charitable efforts

30k+

N95 masks for healthcare workers in the New York tri-state area

Ordinary People Doing Extraordinary Things

Our employees are deeply committed to supporting the COVID-19 response effort and helping wherever they can.

Here are some individuals who have gone above and beyond:

I have always said the best of part of any company is its people, and nowhere is that more true than
at Virtu.

Douglas Cifu,
Co-founder and CEO, Virtu

Bhavana used her personal 3D printer to produce face shields for healthcare workers. By June, she had shipped out 350 face shields to various organizations including ​St. John’s Hospital, SUNY Hospital of Brooklyn and more.

This effort has gained momentum and other employees are reaching out and arranging for the donations in their neighborhoods – a desire to help is contagious!

Donna Pickett, Office Manager

Donna led the charge on behalf of Virtu, by partnering with our  New York corporate food services vendor, MCH, and together they have donated food to 3,000 + families in and around NYC.

Sara has been a driving force behind the COVID response efforts in our London office, from helping support employees’ work-from-home needs, to managing our charitable giving to support local businesses, hospitals and military and healthcare workers serving on the front lines of the pandemic. 

She also helped organize an effort for employees to donate unused lunch credits to hospitals and community centers in need, adding up to thousands of meals thus far.

Adam, Laine and Rashmi joined forces to help keep Virtu’s 1,000+ employees engaged across the globe.  Beyond our weekly Friday happy hour events they’ve creatively thought of additional activities to entertain staff with trivia nights, paint and sips, employee talent shows to name but a  few. We can’t wait to see what they think of next.

Adam Fox,
Quant Strategist

Laine Litman,
Head of FI and FX

Rashmi Maniyar,
Head of VES Atlas CoreOps

Learn more about Virtu

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