Virtu’s Triton execution management system takes over
NEW YORK, November 11, 2021 (GLOBE NEWSWIRE) – Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial products and services that harnesses cutting-edge technology to provide liquidity, execution services and Analytics and Connectivity is pleased to announce that Virtu’s Triton EMS took first place in the ranking for the second time in a row in TRADE’s 2021 Global Enforcement Management Systems Survey1.
Over 460 survey responses from buy-side traders, trading, IT, operations and support managers rated each EMS provider on a numerical scale of 1.0 (very low) to 7, 0 (excellent), covering 13 functional criteria. Virtu saw year-over-year increases in all categories studied, scoring an average of 6.34 (out of 7.0), up +0.14 from 2020 and +0, 41 points above the overall survey average of 5.93.. Virtu surpassed the survey average in all 13 categories and scored over 6.0 (Very Good) in 12 of 13 categories.
In this year’s survey, respondents were also asked to rank the four most important features of their EMS in order of importance and they selected (1) ease of use, (2) customer service after implementation, (3) number of connections to different execution brokers and (4) integration with internal systems as the most important EMS features. Virtu recorded first-tier and year-over-year (+) increases in the most important categories identified by respondents including, ease of use (6.45, +0.58), customer service staff (6.62, +0.16), breadth of broker algorithms (6.46, +0, 24), FIX capacities (6.43, +0.09) ease of (6.45, +0.44), management of new versions / releases (6.22, +0.51) and overall cost of operation (6.29, +0.10).
“In response to client feedback, we have invested in numerous improvements in the performance of global equities and in the substantial extension of Triton’s multi-asset functionality into futures, forex and fixed income workflows. We are delighted and honored to see our customer-focused investments recognized by this year’s survey, ”said Michael Loggia, Global Head of Workflow Solutions. “Triton is better positioned than ever to meet the ever-growing needs of our customers and we have many exciting deliverables on the horizon.
“Technology is supposed to make a trader’s life easier, not harder. Our primary goal is to listen to customers and create tools designed to help them scale and reduce operational risk, ”said Steve Cavoli, Global Head of Virtu Execution Services. “We don’t try to be fancy or overcomplicate, we focus on the customer and create the tools they need. “
Virtu is grateful to its customers and The TRADE survey respondents for recognizing Triton as the best EMS again this year. The firm expresses its appreciation and appreciation for the hard work and dedication of the EMS team and other support teams for their collaboration and tireless efforts to deliver an exceptional customer experience.
About Virtu Financière
Virtu is a leading provider of financial products and services that leverages cutting-edge technology to provide liquidity to global markets and innovative and transparent trading solutions to its clients. Leveraging its global market-making expertise and infrastructure, Virtu provides a robust product suite comprising of execution, liquidity research, analytics and neutral multi-trader platforms for traders. brokers in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of sites in over 50 countries and across multiple asset classes including global equities, ETFs, currencies, futures, fixed income and a myriad of other raw materials. In addition, Virtu’s integrated and multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely on to invest, trade. and manage risks in global markets.
1 The analysis of the TRADE EMS 2021 survey was carried out by Aite-Novarica Group.
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