High-Speed Trader Virtu Financial Setting Sights on China
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Virtu Financial Inc., one of the world’s biggest high-speed trading firms, wants to set up shop in China.
Virtu, which uses automated market-making strategies to buy and sell everything from stocks to currencies and commodities, is in the early stages of that project, Chief Executive Officer Doug Cifu said. Temasek Holdings Pte, Singapore’s state-owned investment firm, owns a stake in Virtu and has opened doors for the company in mainland China, he said.