|Bid||29.70 x 42300|
|Ask||35.00 x 800|
|Day's Range||30.05 - 30.09|
|52 Week Range||18.67 - 30.25|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.28 (0.93%)|
|1y Target Est||N/A|
Moody's Investors Service (Moody's) today affirmed VFH Parent LLC's Ba3 issuer rating, Ba2 senior secured first lien term loan rating and B1 senior secured second lien notes rating. VFH Parent LLC (Virtu) is the debt-issuing entity of Virtu Financial, Inc. (VFI). Moody's said that Virtu's issuer-level outlook remains stable.
Virtu Financial Inc. is buying brokerage Investment Technology Group Inc. for nearly $1 billion in a deal it said would help stabilize its quarterly earnings results. The terms of the acquisition call for the high-speed trading firm to purchase ITG for $30.30 a share, or about $999.6 million. On Wednesday, it settled an enforcement case with the Securities and Exchange Commission over fraud allegations related to its so-called dark pool.
The Securities and Exchange Commission announced Wednesday that ITG Inc. and its affiliate AlterNet Securities will pay $12 million to settle charges they misled customers about the operation of the firm's dark pool from 2010 until 2015. "Contrary to assurances it made to dark pool subscribers, ITG failed to ensure that trading information was protected, and in some instances used this information to attempt to grow its business," said Joseph Sansone, chief of the SEC enforcement division's market abuse unit. The SEC said that ITG also hid the fact that the dark pool was split into two parts, which had different performance and fill rates. This is the second settlement against the alternative trading system. In 2015, ITG paid $20.3 million to settle charges it operated a secret trading desk.
Although the Republicans added to their majority in the Senate, we officially have more checks in our government after the Democrats won control of the House of Representatives on Tuesday. Given the importance of the government to the stock market, several equities, as well as several other stocks, including Netflix Inc. (NASDAQ:NFLX), Apple Inc. (NASDAQ:AAPL), Virtu Financial Inc. […]
were up around 8% Wednesday, after word the financial technology company was getting snapped up by Virtu Financial, Inc. Shares of Virtu were also up on the news -- by more than 7% -- to $26.40. According to the deal, Virtu will buy all outstanding shares of ITG's common stock for $30.30 per share in cash.
(Reuters) - High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc (ITG) (ITG.N) for about $1 billion, ITG said on Wednesday as Virtu looks to add more ...
High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc for about $1 billion, ITG said on Wednesday as Virtu looks to add more big institutional investors. ...
Investment Technology (ITG) delivered earnings and revenue surprises of 14.29% and 0.67%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Shares of Investment Technology Group Inc. shot up 7.6% in premarket trade Wednesday, after the financial technology company announced an agreement to be acquired by Virtu Financial Inc. in a deal that values the company at about $1 billion. Under terms of the deal, Virtu will pay $30.30 in cash for each ITG share outstanding, which is 9.2% above Tuesday's closing price of $27.75, and implies a market capitalization for ITG of $999.6 million. Virtu's stock rallied 5.5% ahead of the open. Separately, ITG reported third-quarter earnings and revenue that beat expectations, according to FactSet, while Virtu met earnings projections but beat on revenue. ITG's stock has run up 27.5% over the past three months and Virtu shares have gained 3.1%, while the S&P 500 has lost 3.6%.
The New York-based company said it had earnings of 1 cent per share. Earnings, adjusted for non-recurring costs, were 16 cents per share. The financial technology firm posted revenue of $120.8 million ...
Investment Technology (ITG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Anyone researching Investment Technology Group Inc (NYSE:ITG) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and Read More...
Ten months after new European Union rules designed to boost market transparency kicked in, the initiative appears to be working, having fuelled a dramatic jump in electronic trading across some of the financial world's most opaque markets. Long stuck in a time warp, with most deals conducted over the phone and shrouded in secrecy, exchange-based trading has surged in the EU for such instruments as credit and interest rate derivatives. The catalyst is MiFID II, or the Markets in Financial Instruments Directive II, which requires all interactions between trading counterparties to be captured, stored, and often even disclosed to markets.
Investors need to pay close attention to Investment Technology Group (ITG) stock based on the movements in the options market lately.
High-speed trading firm Virtu Financial Inc is looking to buy independent brokerage Investment Technology Group Inc, Bloomberg reported https://www.bloomberg.com/news/articles/2018-10-04/virtu-is-said-to-pursue-takeover-of-investment-technology-group ...
Agency brokerage Investment Technology Group Inc said on Wednesday it had set aside $12 million for a probable settlement related to a regulatory probe into its U.S. "dark pool," or private stock trading venue. The settlement would be the company's second in recent years with the U.S. Securities and Exchange Commission involving its U.S. POSIT dark pool, following a $20.3 million charge in August 2015. Dark pools allow institutional investors to anonymously trade large blocks of shares without the market moving against them.
Stifel Financial's (SF) revenue growth, strong balance sheet position and projected earnings growth rate reflect its upside potential.
A proposal by the U.S. Securities and Exchange Commission (SEC)to lower stock exchange fees and limiting the rebates exchanges pay to brokers to attract orders could cost investors more than $1 billion dollars a year, the operator of the New York Stock Exchange estimated. "We don't think there is any question that if you reduce the incentive to make tight markets, markets will widen," Michael Blaugrund, head of equities at Intercontinental Exchange Inc's NYSE unit, said in an interview on Friday.