Apr. 29 at 2:12 PM
$VIRT just posted its best Q1 ever 📈
Revenue:
$1.095B (+30.7% YoY)
Adj. Net Trading Income:
$786.5M (+58.2%)
Adj. EBITDA:
$520.6M (+62.7%, 66.2% margin)
Net Income:
$346.6M vs
$189.6M last year
EPS:
$1.99
Execution Services hit
$149.5M (+30% YoY), now serving ~2,000 institutional clients globally.
Quarterly dividend:
$0.24/share, payable June 15.
CEO Aaron Simons: "Anytime there's added complexity in the market space, that's a relative competitive advantage for us."
Wide spreads + high volumes + volatile FX, gold at record highs, oil above
$100 = a big quarter for market makers.
Full article: https://liquidityfinder.com/news/market-maker-virtu-financial-posts-strongest-quarter-on-record-baf46
$VIRT $VIX $GLD $USO $SPY