Virtu Financial Inc (NAS:VIRT)
$ 36.61 -0.34 (-0.92%) Market Cap: 3.15 Bil Enterprise Value: 9.24 Bil PE Ratio: 18.40 PB Ratio: 2.57 GF Score: 63/100
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Virtu Financial Inc at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 11, 2019 / 07:40PM GMT
Release Date Price: $16.38 (-2.50%)
Alexander Blostein
Goldman Sachs Group Inc., Research Division - Lead Capital Markets Analyst

All right. So we're going to get started with our next session. I'd like to welcome Doug Cifu, CEO of Virtu Financial. Over the last year, Virtu's been quite busy integrating acquisition of ITG, which so far has resulted in new revenue opportunities, meaningful cost synergies and ability to free up capital. At the same time, the operating backdrop for electronic market makers has been fairly challenged in 2019. And clearly, there's no shortage of market structure debates and topics to be had. So Doug, thank you for being here. Always good to have you.

Douglas A. Cifu
Virtu Financial, Inc. - CEO & Director

Thank you. Great to be here.

Questions & Answers

Alexander Blostein
Goldman Sachs Group Inc., Research Division - Lead Capital Markets Analyst

So I wanted to kick this off, really with the question around trends in market making that we've seen over the course of this year. And I know it's hard to

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