122: Doug Cifu – Virtu: Hitting Singles All Day Long—On a Global Scale

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 27 April 2017

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Doug Cifu is the co-founder and CEO of Virtu Financial, one of the largest electronic market making firms in the world. Around the clock, Virtu are trading in 12,000 instruments, across 235 markets and 36 countries, with only 140 staff. Virtu often trade more than 4.5 million times a day, and prior to their IPO in 2015, Virtu reported the firm had made a profit 1,277 out of 1,278 days—losing money just one day between 2009 and 2014. And in recent news, Virtu made headlines 20th April (2017), after announcing their acquisition of rival, Knight Capital Group for $1.4 billion. Doug is also the co-owner of NHL team, Florida Panthers—with the second owner, being none other than his Virtu co-founder, Vincent Viola. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is brought to you by Trade the Pool.
0:03.6	Is a lack of buying power, capital, or fear of losing your own money, preventing you from
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0:23.5	The process is simple.
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0:35.7	Chat with traders is also brought to you by the Chat with traders' community.
0:39.5	We'll keep this announcement short.
0:41.2	We just want you to visit chatwithtraders.com-community to learn more about what our community is all about.
0:47.5	Thank you, and we wish you all the best in your trading journey.
0:51.2	Markets, speculation, and risk.
0:56.8	This is the Chat with traders' podcast hosted by Aaron Faefield.
1:02.2	What's happening, crew?
1:03.2	I trust you are doing well.
1:05.0	You're host Aaron Faefield here, and I have a very special guest on this episode, who
1:10.4	I'm excited to introduce, and that is Doug Seafood.
1:14.6	Doug is the co-founder and CEO of Virtue Financial.
1:19.2	One of the largest electronic market-making firms in the world.
1:23.3	Around the clock, Virtue are trading in 12,000 instruments across 235 markets and 36 countries
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