Why You Need to Know About Virtu Financial
The COVID-19 pandemic triggered unprecedented volatility in the financial markets, attracting hordes of first-time retail investors looking to ride the wave. Market-making firm Virtu Financial (NASDAQ: VIRT) was perfectly positioned to benefit, as it provides liquidity and execution services for over 25,000 financial securities, including those high-risk derivatives favored by the newcomers.
Virtu is a truly global business, offering its services in 36 countries that contributed to over $1.1 billion in full-year 2020 earnings. The company recently announced a major increase in its share buyback program, on top of an already generous dividend -- capping off a record first quarter, which saw its highest-ever quarterly revenue result.
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Source Fool.com
