You can see the progression in $VIRT's presentations for Q2 results:pic.twitter.com/lPprJbMD6P
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Just now getting to $VIRT prelim earnings release for April & May of 2020:
-as expected, company has taken advantage of continued volume strength in equity markets
-adjusted daily trading income less than April release, but still ~3x higher than Q2 2019
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Bid-ask spreads are still elevated across asset classes - good for
$VIRT through June/end of Q2:pic.twitter.com/t7XW7XgiHu
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Summary of updates through Q2: -paying down debt -Sold MATCHNow to
$CBOE to pay down more debt -volatility still elevated resulting in $$$ for$VIRT going forward:pic.twitter.com/7tO3lPMkAW
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In a recent conference,
$VIRT CEO Doug Cifu commented on main themes playing in the company's favor: -$0 commissions at retail brokerages -global lockdowns forcing work from home transition -shift to electronic trading for added liquidityShow this thread
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