- Virtu Finance adds TradeOps to improve trading system efficiency and support scalability
- Financial tech firms face mounting pressure from data demands, regulation and need for fast execution
Virtu Finance: Joins forces with TradeOps
Virtu Finance has made a new deal with TradeOps. TradeOps is a company that builds systems to help trading work better. It focuses on automation and system operations. This deal will help Virtu improve its trading setup. It will also make it faster and easier to scale.
Virtu is a well-known firm in the financial technology world. It uses algorithms and real-time market data to carry out trades and provide services. These include trade execution and market-making. Its clients include asset managers, hedge funds, brokers, and banks. Virtu works across many asset classes and markets. It aims to give clients better access, lower costs, and stronger tools.
The company said TradeOps will support its “MarketOps” platform. This platform runs the back-end systems that power its trading. These systems handle large volumes of trades every day. Chuck Whitman, the Chief Technology Officer at Virtu, said this move will improve speed and keep systems reliable. TradeOps is known for building strong tools that help companies manage many systems. It helps teams run apps in different markets and make sure they work well without breaks.
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Virtu Finance: Be part in a changing fintech space
The trading and fintech industry is growing fast. There is more data to manage. There are also more rules to follow. Speed is now very important. Firms like Virtu must respond to these changes. Many of them are turning to automation. They want tools that do not break easily. They want to act quickly when the market shifts.
New technology helps with this. Some tools use artificial intelligence to watch systems and find problems early. Some use faster networks that cut down the time needed to make a trade. These tools help firms stay strong when markets change quickly.
Virtu was founded in 2008. It is now listed on the Nasdaq stock exchange. It has offices in New York, London, Singapore, and other major cities. It has grown by buying other companies and building better tools. It focuses on market fairness, access, and transparency.
Trading firms like Virtu also face high costs. These include power bills and the need to hire skilled people. Automation can help cut costs. It also helps firms work faster and avoid mistakes. Virtu’s new deal with TradeOps is a step toward meeting these needs.
