Latest news with #VirtuFinancial
Cision Canada
a day ago
- Business
- Cision Canada
EDXM International's New Perpetual Futures Platform Goes Live
Virtu Financial, LTP, Hidden Road Partners, DV Chain, CoinRoutes, and Amber Group included in partner ecosystem to provide deep liquidity and competitive pricing to institutional market participants at launch SINGAPORE, July 22, 2025 /CNW/ -- EDXM International today announced that its new perpetual futures exchange is now live. The exchange is purpose-built for institutional traders pursuing capital-efficient crypto strategies and deep liquidity. EDXM International clients can now trade perpetual futures contracts across 44 trading pairs, including Bitcoin, Ethereum, Solana and XRP. Backed by many of the world's leading financial institutions and venture capital firms, EDXM International equips institutional traders and other market participants with high-performance infrastructure designed to minimize collateral requirements. Its perpetual futures trading venue leverages the latest technology to improve trade execution using the company's in-house, proprietary matching engine to further low-latency digital assets trading. In addition to better trade execution, EDXM International's pricing consistently outperforms incumbent crypto exchanges, with the cost to trade better or on par with global Tier 1 exchanges. EDXM International also features Smart Collateral Management ("SCM"), an innovative solution for liquidity providers to quote on multiple markets in the most capital-efficient way possible without compromising risk exposure on the venue. SCM is unique and EDX International is the first crypto venue to offer this kind of solution. "This launch represents a major milestone in shaping a more efficient and accessible digital assets ecosystem for the industry," said Kal Chan, Managing Director, EDXM International. "We're addressing long-standing barriers to institutional participation by reducing collateral requirements and offering deep, consistent liquidity. There is significant pent-up demand for digital assets in the region, and our perpetual futures platform marks just the beginning of our commitment to building the robust market infrastructure that institutions need to trade with confidence." The new venue is supported by an integrated network of top-tier liquidity providers, prime brokerage and OEMS partners, including Amber Group, CoinRoutes, DV Chain, Hidden Road Partners, LTP, and Virtu Financial. These institutional partners play a critical role in setting up a solid market foundation, contributing liquidity and supporting overall trading activity and platform efficiency. "Virtu's focus has always been on providing transparent, deep liquidity across asset classes, and we're pleased to support EDXM International's new platform as it enhances institutional access to digital assets," said Brett Fairclough, co-president and co-chief operating officer at Virtu Financial. "EDXM International's innovative use of smart collateral management sets a new standard for capital efficiency in crypto." "EDXM International's venue aligns with our mission to deliver integrated, full-service prime brokerage solutions for the digital asset ecosystem," said Jack Yang, Founder and CEO at LTP. "We're pleased to be among the first to go live, where we will enhance market activity and drive essential liquidity for institutional clients who demand transparent, secure, and sophisticated access to digital assets. "With institutional demand for sophisticated, secure digital asset trading products continuing to grow, the launch of EDXM International's perpetual futures exchange represents an advancement in market infrastructure," said Michael Higgins, International CEO and Global Head of Corporate Development for Hidden Road. "Our modern prime brokerage platform is purpose-built to provide market participants with the tools and support required for efficient, institutional-grade access to digital assets, and we look forward to servicing EDXM International and Hidden Road's joint clients as they engage with the venue." "As a leading global market maker, we see the launch of perps on EDXM International as a meaningful step forward in market maturity," said Michael Herman, Head of APAC at DV Chain. "We're proud to support this next phase and remain committed to advancing liquidity, accessibility, and institutional-grade infrastructure in digital assets." "We're proud to support the launch of EDXM International's perpetual futures platform, which reflects the next evolution of institutional digital asset trading. At CoinRoutes, we believe in empowering clients with faster, and cheaper execution, and EDXM's infrastructure aligns seamlessly with our mission," said Ian Weisberger CEO of CoinRoutes. "We're excited to support EDXM International's launch as it brings a new level of performance and reliability to digital asset trading," said Luke Li, Co-Founder and Head of Markets at Amber Group. "Its institutional-grade infrastructure and focus on capital efficiency resonate strongly with our mission to help shape a more mature and accessible market for institutional participants globally." About EDXM International EDXM International is a fast-growing digital asset trading venue for institutional clients that leverages best practices from traditional financial markets on a purpose-built crypto platform. EDXM International's robust liquidity environment, modern technology and nonconflicted business model are designed to meet the needs of both crypto-native firms and the world's largest financial institutions. EDXM International is a subsidiary of EDX Markets Holding Company Inc. About EDX EDX is a digital asset technology firm that combines an institution-only trading venue with a central clearinghouse. EDX Markets, our flagship marketplace, is designed to emulate the world's most sophisticated exchanges, with deep liquidity, firm prices and low trading costs. EDX has structured its business to minimize risk for its members while providing a diverse array of operational and capital efficiencies. Backed by some of the world's leading trading and venture capital firms, EDX is actively developing new features and expanding its geographic presence to deliver trusted, liquid and efficient crypto trading experiences for all institutions. To learn more, visit Media Contact Disclaimer: EDXM International is not regulated by MAS and is different from the exempted entity EDXM Global Pte. Ltd. EDXM International's products and services are not available for persons or entities in US, EU and UK and any marketing done is not directed at persons or entities based in US, EU and UK.
Yahoo
a day ago
- Business
- Yahoo
EDX Unveils International Crypto Trading Platform With Perpetual Futures
EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday. EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin (BTC), ether (ETH), Solana's SOL (SOL), and XRP (XRP), with initial liquidity provided by Virtu Financial, LTP, Hidden Road, and others. The exchange is for clients around the globe, excluding those in the U.S., with a particular focus on Asia-Pacific. The demand is coming from family offices and asset managers who are interested but have yet to enter crypto in a meaningful way, an EDX representative said via email. EDX International's perps trading platform is also the first institutional crypto exchange to feature "smart collateral management," the spokesperson said. 'We're witnessing a noticeable surge in institutional interest across the region, particularly from family offices and asset managers eager to enter the digital asset space,' Kal Chan, managing director of EDX International, said in a statement. 'However, many have been held back by a lack of robust and reliable market infrastructure. That's precisely the gap EDXM International is filling,' Chan added. 'EDXM International's innovative use of smart collateral management sets a new standard for capital efficiency in crypto,' added Brett Fairclough, co-president and co-chief operating officer at Virtu Financial.
Yahoo
30-06-2025
- Business
- Yahoo
Earnings Growth & Price Strength Make Virtu Financial (VIRT) a Stock to Watch
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor. Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success. Headquartered in New York, NY, Virtu Financial is a market-leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. It provides a wide array of offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. The company was founded in 2008. VIRT was added to the Zacks Focus List on July 31, 2023 at $18.9 per share. Since then, shares have increased 135.03% to $44.42. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.05 to $4.02. VIRT boasts an average earnings surprise of 20.2%. Moreover, analysts are expecting Virtu Financial's earnings to grow 13.2% for the current fiscal year. It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like VIRT, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
18-06-2025
- Business
- Associated Press
SHAREHOLDER ALERT: Morris Kandinov Investigating VIRT, NSSC, DV, and TMCI; Shareholders are Encouraged to Contact the Firm
SAN DIEGO, June 18, 2025 (GLOBE NEWSWIRE) -- National law firm Morris Kandinov is investigating Virtu Financial, Inc., Napco Security Technologies, Inc., DoubleVerify Holdings, Inc., and Treace Medical Concepts, Inc. If you are a current owner of shares, contact [email protected] or call (619) 780-3993. Virtu Financial, Inc. (NYSE: VIRT) Accused of Misleading Investors Morris Kandinov reminds investors that a securities class action lawsuit has commenced on behalf of investors of Virtu Financial, Inc. Morris Kandinov is investigating Virtu Financial regarding possible breaches of fiduciary duties and other violations of law on behalf of shareholders. The class action lawsuit alleges that: (i) the company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, Virtu had overstated the company's operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the company; (iii) the foregoing deficiencies increased the likelihood that the company would be subject to enhanced regulatory scrutiny; and (iv) as a result, defendants' public statements were materially false and/or misleading at all relevant times. On March 17, 2025, Judge Nicholas G. Garaufis of the United States District Court for the Eastern District of New York issued an order denying in part the defendants' motion to dismiss in the pending securities class action against Virtu Financial, paving the way for litigation to proceed. Morris Kandinov LLP is investigating possible breaches of fiduciary duties and other violations of law, on behalf of shareholders. To learn more about this investigation and your rights, visit: All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Napco Security Technologies, Inc. (NASDAQ: NSSC) Accused of Misleading Investors Morris Kandinov reminds investors that a securities class action lawsuit has commenced on behalf of investors of Napco Security Technologies, Inc. Morris Kandinov is investigating Napco Security Technologies regarding possible breaches of fiduciary duties and other violations of law on behalf of shareholders. To learn more about this investigation and your rights, visit: All representation is on a contingency fee basis. Shareholders pay no fees or expenses. DoubleVerify Holdings, Inc. (NYSE: DV) Accused of Misleading Investors Morris Kandinov reminds investors that a securities class action lawsuit has commenced on behalf of investors of DoubleVerify Holdings, Inc. Morris Kandinov is investigating DoubleVerify Holdings regarding possible breaches of fiduciary duties and other violations of law on behalf of shareholders. The class action lawsuit alleges that defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (i) DoubleVerify's customers were shifting their ad spending from open exchanges to closed platforms, where DoubleVerify's technological capabilities were limited and competed directly with native tools provided by platforms like Meta Platforms and Amazon; (ii) DoubleVerify's ability to monetize on its Activation Services was limited because the development of its technology for closed platforms was significantly more expensive and time-consuming than disclosed to investors; (iii) DoubleVerify's Activation Services in connection with certain closed platforms would take several years to monetize; (iv) DoubleVerify's competitors were better positioned to incorporate AI into their offerings on closed platforms, which impaired DoubleVerify's ability to compete effectively and adversely impacted DoubleVerify's profits; (v) DoubleVerify systematically overbilled its customers for ad impressions served to declared bots operating out of known data center server farms; and (vi) DoubleVerify's risk disclosures were materially false and misleading because they characterized adverse facts that had already materialized as mere possibilities. To learn more about this investigation and your rights, visit: All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Treace Medical Concepts, Inc. (NASDAQ: TMCI) Accused of Misleading Investors Morris Kandinov reminds investors that a securities class action lawsuit has commenced on behalf of investors of Treace Medical Concepts, Inc. Morris Kandinov is investigating Treace Medical Concepts regarding possible breaches of fiduciary duties and other violations of law on behalf of shareholders. The class action lawsuit alleges that the company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) competition impacted the demand for and utilization of its primary product, the Lapiplasty 3D Bunion Correction System; (2) as a result, Treace Medical's revenue declined and the company needed to accelerate its plans to offer a product that was an alternative to osteotomy (a surgical procedure that involves cutting and realigning a bone to improve its position or function); and (3) Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On May 7, 2024, after market hours, when the company issued a press release reporting, among other things, that it lowered its full-year 2024 revenue guidance from between $220 million and $225 million to between $201 million and $211 million. During the associated earnings call the same day, defendants revealed competition from minimally invasive osteotomy and Lapiplasty 'knockoffs' created headwinds for Lapiplasty growth. On this news, the company's stock price fell $6.95, or nearly 63%, to close at $4.17 per share on May 8, 2024, on unusually high trading volume. To learn more about this investigation and your rights, visit: All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Concerned shareholders are encouraged to contact Leo Kandinov to learn more: [email protected] (619) 780-3993 Morris Kandinov LLP is a national law firm that specializes in recovering investment losses and protecting stockholder rights. We work on contingency (i.e., you do not pay our fees out-of-pocket), and our attorneys have made substantial recoveries for investors in jurisdictions across the country. The firm would be happy to further discuss these matters, and any legal rights or remedies potentially available to you, at no charge. Attorney Advertising. Past results do not guarantee a similar outcome. Contact: Leo Kandinov, Partner [email protected] 619-780-3993 550 West B Street, 4th Floor San Diego, CA 92101
Globe and Mail
17-06-2025
- Business
- Globe and Mail
NYSE Content Advisory: Pre-Market update + ICE begins trading on NYSE Texas
NEW YORK , June 17, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on June 17th Intercontinental Exchange (NYSE: ICE), the parent company of the NYSE, will see its shares begin trading on NYSE Texas today following its dual listing. This year, NYSE Texas became the first securities exchange to operate in the Lone Star State. Stocks are down fractionally Tuesday morning as traders continue to monitor conflict in the Middle East . President Trump cut short his trip to the G7 Summit to return to Washington D.C. as attacks continued. President Trump downplayed the chances of a ceasefire between Israel and Iran and on Truth Social on Monday, called for an immediate evacuation of Tehran . Opening Bell Virtu Financial (NYSE: VIRT) celebrates its transfer to the New York Stock Exchange Click here to download the NYSE TV App SOURCE New York Stock Exchange
