To Our Valued Clients:

Today I am pleased and honored to announce the completion of the merger of Virtu and ITG.  As we said previously, this significant acquisition underscores Virtu’s commitment to our institutional client franchise and is a natural next step in our evolution as a company.  Our combination with ITG creates a complete suite of agency solutions, including transparent execution services and broker-neutral offerings in workflow technology, analytics, and liquidity sourcing solutions, which will all leverage Virtu’s global, scaled technology infrastructure and multi-asset trading expertise.

I’d like to take this opportunity to tell you about Virtu, who we are and why we are excited to combine our firms’ complementary strengths within the products and solutions that you use every day.

  • Virtu was founded on the belief that transparency enables market participants to make better, more informed decisions and that all investors benefit from markets that are more efficient. 
  • We use technology to solve problems and reduce risk. Virtu’s application of technology to create solutions, automate processes and enhance risk controls have enabled us to provide customized, reliable liquidity and raise the bar of transparency into client order handling and trade analysis.
  • Virtu is about being virtuous – always doing the right thing. It is a privilege to have the trust of world-class clients and we appreciate the trust you have placed in us. We strive for the highest integrity and are committed to continuing to earn your business every day.

As we begin integration, you may notice a rebranding of ITG legal entities to include Virtu in the name of the entity and some physical office consolidation; yet, in many respects, things will not change. The existing ITG broker-dealers will remain in place and we intend to continue investing in ITG’s broker-neutral offerings and operate all of ITG’s business units.

Prior to merging, both Virtu and ITG each maintained our own procedures to segregate and protect sensitive client data. As we integrate, we will draw on the best practices of our combined company to continue to ensure that our policies, procedures and tools remain designed to safeguard confidential client information. These safeguards will include physical and logical separations, where appropriate, between businesses and access control procedures.

Additionally, we are forming an enhanced Client Information Security Forum where all clients of our broker-neutral solutions can provide input regarding your data protection needs. The inaugural meetings in each region will be held in 2Q 2019 and we encourage interested clients to contact your sales coverage if you would like to participate. More information is available here >

In the meantime, if you have any questions, please don’t hesitate to reach out to your primary client relationship representative or me directly. 

We look forward to our continued relationship, and we thank you for putting your trust in Virtu.

Sincerely, 

Douglas A. Cifu
Chief Executive Officer
Virtu Financial

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