• High-speed trader Virtu saw net income increase 1,845% thanks to anxious markets

    17 days ago - By Business Insider

    High-speed stock trader Virtu Financial reported gangbuster results Friday, beating Wall Street's estimates by a mile.
    The firm, which reported a net income increase of 1,845%, reported earnings of $1.86 per share. That's above Wall Street's estimate of $0.61.
    A return of volumes and volatility to the markets was behind the impressive performance, chief executive Doug Cifu said.
    Virtu Financial, the market making firm, reported eye-popping results on Friday for the first quarter of 2018, a period marked by a return of volatility and volume to the markets.
    The New York-based firm, which...
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  • High-speed trader Virtu saw net income increase 1,845% thanks to anxious markets

    High-speed trader Virtu saw net income increase 1,845% thanks to anxious markets

    17 days ago - By Business Insider

    High-speed stock trader Virtu Financial reported gangbuster results Friday, beating Wall Street's estimates by a mile.
    The firm, which reported a net income increase of 1,845%, reported earnings of $1.86 per share. That's above Wall Street's estimate of $0.61.
    A return of volumes and volatility to the markets was behind the impressive performance, chief executive Doug Cifu said.
    Virtu Financial, the market making firm, reported eye-popping results on Friday for the first quarter of 2018, a period marked by a return of volatility and volume to the markets.
    The New York-based firm, which...
    Read more ...

     

  • Traders are turning their backs on stocks at the fastest pace since the financial crisis - and it's a situation that's threatening to spiral out of control

    Traders are turning their backs on stocks at the fastest pace since the financial crisis - and it's a situation that's threatening to spiral out of control

    17 days ago - By Business Insider

    Bernstein highlights a stock-market sentiment indicator that just dropped to its lowest level since the financial crisis.
    The reading suggests a tough road ahead for equities, and perhaps helps explain why the stock market has seen such a subdued reaction to a strong earnings season.
    When stock market 's mood starts to flag, things can get dicey in a hurry.
    That's been especially true in 2018, as pent-up volatility positions have exacerbated losses during turbulent times. There are also plentiful crowded positions, which can crumble on any sign of weakness as traders rush to the...
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