NEW YORK, Oct. 24, 2017 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ:VIRT) a arch technology-enabled bazaar maker and clamminess provider to the all-around banking markets, today appear it has entered into a absolute acceding to advertise Virtu’s anchored assets trading venue, BondPoint, to Intercontinental Exchange (NYSE:ICE). The transaction is accepted to be completed in the aboriginal division of 2018, and the closing is accountable to applicative authoritative reviews and approvals. Virtu will accommodate added capacity on its third division balance alarm on November 7, 2017.
BondPoint is a arch provider of cyberbanking anchored assets trading solutions for the buy-side and sell-side alms admission to centralized clamminess and automatic barter beheading casework through its ATS, bond added than 500 banking casework firms.
Under the acceding of the agreement, Virtu will accept $400 actor in banknote aloft the aing of the transaction, the net after-tax gain of which will be acclimated to accord a allocation of Virtu’s outstanding appellation loan.
Douglas A. Cifu, Chief Executive Officer of Virtu, remarked, “The administration aggregation of BondPoint has done an amazing job over the years creating a arch authorization in acclaim trading. After a absolute analysis, we assured that BondPoint is a different asset bigger ill-fitted to accomplish alfresco of Virtu’s amount operations.” Mr. Cifu continued, “Following a aggressive process, ICE acclaimed itself as a able and abiding all-around alignment that could accommodate the best home for BondPoint, its customers, and its employees.”
Jefferies LLC is acting as banking adviser to Virtu with Paul, Weiss, Rifkind, Wharton & Garrison LLP confined as Virtu’s acknowledged counsel.
About Virtu Financial, Inc.
Virtu is a arch banking close that leverages acid bend technology to bear clamminess to the all-around markets and innovative, cellophane trading solutions to our clients. As a bazaar maker, Virtu provides abysmal clamminess that helps to actualize added able markets about the world. Our bazaar anatomy expertise, ample diversification, and beheading technology enables us to accommodate aggressive bids and offers in over 19,000 securities, at over 235 venues, in 36 countries worldwide. Please appointment www.virtu.com for added information.
Statements fabricated in this release, which are not absolute facts, including statements about Virtu’s plans, projected banking after-effects and liquidity, strategies, focus, behavior and expectations, are advanced and accountable to the safe anchorage accoutrement of the Private Balance Litigation Reform Act of 1995. Advanced statements allege alone as of the date they are fabricated and, except for Virtu’s advancing obligations beneath the U.S. federal balance laws, Virtu undertakes no obligation to about amend any advanced statement, whether to reflect absolute after-effects of operations; changes in banking condition; changes in apprehension of after-effects of operations and liquidity; changes in accepted U.S. or all-embracing bread-and-er or industry conditions; changes in estimates, expectations or assumptions; or added circumstances, conditions, developments or contest arising afterwards this release. Such advanced statements include, after limitation, Virtu’s beliefs, expectations, guidance, focus and/or affairs apropos approaching events. Absolute after-effects may alter materially from such advanced statements for a cardinal of reasons, including as a aftereffect of the risks declared and added items in Virtu’s filings with the SEC, including Virtu’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC during 2017. Additional important factors that could account absolute after-effects to alter materially from those adumbrated by advanced statements accommodate risks and uncertainties apropos to the parties actuality clumsy to auspiciously able the transaction. Factors added than those referred to aloft could additionally account Virtu’s after-effects to alter materially from accepted results. Additionally, the business and banking abstracts and any added account or acknowledgment on, or fabricated accessible through, Virtu’s websites or added websites referenced herein shall not be congenital by advertence into this release.
Investor Contact:Andrew [email protected] (212) 418-0195
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