Virtu's IPO: the $100 million question
Offering to set benchmark for HFT firms looking for exit strategy
Virtu Financial's initial public offering (IPO) will set the benchmark for high-frequency trading firms looking for an exit strategy. The big question is, just how much is the company worth, and will it lead to banks spinning off market-making operations encouraged by attractive pricing?
If the US-based shop fetches a multi-billion dollar valuation, the answer might just be yes. But the somewhat remote possibility that the deal will be pulled carries even greater significance for the broader
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