wholesale market makers

    Virtu’s Q3 Net Trading Income Was Predictable Before Earnings Release

    Alphacution presents an excerpt from its analysis of the relationship between Rule 605 data and net trading income from retail order flow - along with a selection of updated charts for Virtu Financial for Q3 2023... The full Feed post is available to Silver and Premium subscribers...

    By |2023-11-12T23:18:13-05:00November 10th, 2023|For Subscribers|

      Virtu’s Q3 Net Trading Income Was Predictable Before Earnings Release

      For wholesale market makers in US equities there appears to be a relationship between Rule 605 data and net trading income from retail order flow. For Virtu Financial, a public company and the closest example to a "pure play" in US equity wholesaling, this relationship could have been estimated before the Q3 2023 earnings release date. In this Feed post, Alphacution shares its analysis for this finding - and why it's not the most important component of this discovery...

      By |2023-11-12T23:23:49-05:00November 10th, 2023|Silver / Premium|

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