Market Maker Virtu Backs Venture for Trading Private Stocks
- Strategy is to increase investors’ access to private listings
- ClearList also has backing from Tudor Jones investment firm
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Market maker Virtu Financial Inc. is the latest backer of ClearList, a digital-trading venture that links investors to private companies before they go public.
Virtu’s stake will help the trading platform expand as it brings its knowledge of public equities to the private market, ClearList Chief Executive Officer Bill White said in an interview. White’s firm, which was created last year, gives wealthy clients and large investors access to new types investments in the capital markets, including primary offerings and secondary trading for private companies.