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Dec 31, 2019
Virtu Financial Q4 2019 Earnings Report
Announced fourth quarter and full year 2019 results, revealing a decrease in total revenues and a net loss due to ITG acquisition costs amidst a muted global trading environment.
Key Takeaways
Virtu Financial reported a decrease in total revenues by 8.8% to $403.3 million for the fourth quarter of 2019, impacted by muted volatility and volumes across global markets. The company experienced a net loss of $29.4 million, driven by costs related to the ITG acquisition, compared to a net income of $147.9 million in the same period of 2018.
Total revenues decreased 8.8% to $403.3 million.
Trading income, net, decreased 37.6% to $228.7 million.
Net loss was $29.4 million, influenced by ITG acquisition costs.
Basic and diluted loss per share was $0.16.