HFT market maker Virtu Financial CEO on Bloomberg
This just happened:
Virtu interview on Bloomberg Mar 21.
Topics covered:
12000 financial assets 35 countries
Doug Cifu CEO Virtu Financial (background is lawyer)
Equities makes markets based volatility
In Japan in Q1
Public company a year ago
Deals focus on efficiency no acquisitions yet
Merge 3 market making firms
Competitor Flowtraders in Euope went public
HFT regulated in 35 countries -> tries to be transparent
Does not believe in trade tax
Will share algos with regulators if needed
CFTC Charman will not get code just because
IEX has speed bump no impact on Virtu as member, supports it
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