Virtu expects net trading income of $295-$303m for two months till end-Aug 2020

Maria Nikolova

Virtu expects the Average Daily Adjusted Net Trading Income of between $5.53 and $5.72 million for the July-August period.

Virtu Financial Inc (NASDAQ:VIRT), a provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today announced preliminary estimates of its top line results for third quarter to date through August 31, 2020.

On a preliminary estimated basis, Virtu expects its results of operations for the two months ended August 31, 2020 to reflect net trading income in the range from $295 million to $303 million. Adjusted Net Trading Income is forecast to be between $238 million and $246 million.

The Average Daily Adjusted Net Trading Income for the July-August period is estimated to be between $5.53 and $5.72 million per day.

July 2020 estimated results are revised to $6.50 million Average Daily Adjusted Net Trading Income (from the previously estimated range of $6.70 to $7.00 million per day). The Trading Income in July is estimated at $173 million, whereas Adjusted Net Trading Income is expected to be $143 million.

The August 2020 results of operations are preliminarily estimated to reflect net trading income in the range from $122 million and $130 million, whereas adjusted net trading income is expected to be between $95 million and $103 million.

The Average Daily Adjusted Net Trading Income for August is expected to be between $4.52 and $4.90 million per day reflecting overall declines in volumes and volatility benchmarks in the U.S. and Europe.

Read this next

Retail FX

Weekly Roundup: Funded Trader closure, Coinbase adds Apple Pay

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.


Presale Rush: BlockDAG Outshines Furrever Token and DeeStream Presales with 20,000x ROI Potential, Raising Over $16.4M

Discover April 2024’s presale hits, as BlockDAG, Furrever Token, and DeeStream Presales battle it out. Which will explode in 2024?

Digital Assets

Shakeeb Ahmed gets three-year sentence for hacking Nirvana, Crema

A New York court has sentenced computer security engineer Shakeeb Ahmed to three years in prison for conducting flash loan attacks on decentralized cryptocurrency exchanges in 2022, marking the first-ever conviction for a breach involving smart contracts.

Digital Assets

TON Foundation teams up with HashKey on fiat access for Telegram Wallet

The TON Foundation, a collective of developers behind The Open Network (TON) blockchain, has entered into a strategic partnership with digital asset financial services firm HashKey Group.


BlockDAG aka Kaspa’s Toughest Competitor Releases DAGpaper, Lightes Up The Las Vegas Sphere Pulling Shiba Inu Investors & Amassing $16.4M in Presale

BlockDAG, emerging as a Kaspa competitor, unveils its DAGpaper, spotlighting the Las Vegas Sphere and captivating Shiba Inu investors with a $16.4M presale success.

Fundamental Analysis

Global FX Market Summary: USD, ECB, Gold, Oil  April 12 ,2024

A strong US economy, cautious Fed policy compared to Europe, and safe-haven demand are all fueling the surge of the US Dollar.

Digital Assets

Thai crypto exchange Bitkub eyes $3 billion valuation

Thailand’s largest cryptocurrency exchange Bitkub is gearing up for a public offering next year with a potential valuation of up to $3 billion, according to Bitkub Capital Group CEO Jirayut Srupsrisopa.

Technical Analysis

GBPUSD Technical Analysis Report 12 April, 2024

GBPUSD currency pair can be expected to all further toward the next support level 1.2400, target price for the completion of the active minor impulse wave.

Market News

Navigating Currency Trends: Extensive Analysis on EUR/USD Signal

Traders Union provides comprehensive daily analysis and signals for EUR/USD.