Virtu Financial, Inc. VIRT announced that it connected its Triton Valor execution management system (EMS) directly to the Tokyo Stock Exchange's CONNEQTOR platform. This integration will allow VIRT's clients to trade exchange-traded funds (ETFs) directly through CONNEQTOR, enhancing their ability to access liquidity, execute trades, and optimize trading workflows for Japanese ETFs.

Triton is an EMS designed for trading across multiple asset classes, including equities, ETFs, futures, options, foreign exchange and fixed income. It supports trading through various methods like DMA, algorithms and request-for-quote systems. It is used by active traders to efficiently manage the entire lifecycle of a trade. Market Media's European Markets Choice Awards 2024 recognized the Triton Valor EMS as the best Equity E/OMS, this July.

This integration will help the company strengthen its presence in the Japanese market, potentially attracting new clients and expanding its global reach. This direct connection to the CONNEQTOR platform addresses client requests for new liquidity sources, demonstrating Virtu Financial’s responsiveness to client needs and potentially strengthening client relationships.

This gives the company a competitive edge over other firms. Apart from leading to higher trading volumes and increased transaction-based revenues, the direct connection will likely reduce reliance on intermediaries, lowering costs associated with trading and execution.

Virtu Financial strengthens its Execution Services segment through new product offerings and strategic acquisitions, which help diversify its revenue while leveraging its core technology. The segment's total revenues increased more than 20% in the first half of the year.

VIRT’s Price Performance

Shares of Virtu Financial have surged 72.6% in the past year compared with the 18% growth of the industry it belongs to.

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Zacks Rank & Key Pick

Virtu Financial currently has a Zacks Rank #3 (Hold).

Investors interested in the broader Finance space may look at some better-ranked players like Jackson Financial Inc. JXN, WisdomTree, Inc. WT and HIVE Digital Technologies Ltd. HIVE, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Jackson Financial’s current-year earnings is pegged at $18.49 per share, which indicates 44% year-over-year growth. It witnessed one upward estimate revision in the past 30 days against no downward movement. The consensus mark for JXN’s current year revenues suggests a 116.7% surge from a year ago.

The Zacks Consensus Estimate for WisdomTree’s 2024 earnings indicates 67.6% year-over-year growth. During the past month, WT has witnessed two upward estimate revisions against none in the opposite direction. It beat earnings estimates twice in the past four quarters and met on the other occasions, with an average surprise of 5.9%.

The Zacks Consensus Estimate for HIVE Digital’s current-year earnings suggests a 63.6% year-over-year improvement. During the past month, HIVE has witnessed two upward estimate revisions against none in the opposite direction. The consensus mark for current-year revenues is pegged at $125.2 million, indicating a 9.4% increase from a year ago.

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