Trading

Historic profits for Virtu as HFTs 'catch falling knives'

‘Our firm is made for this kind of market,’ says the chief executive of high-frequency trading firm Virtu Financial

Historic profits for Virtu as HFTs 'catch falling knives'

Virtu Financial, one of the world’s largest high-frequency trading firms, was on track to have one of its biggest and most profitable days in history Monday amid a tumultuous 24 hours for world markets, according to its chief executive.

"Our firm is made for this kind of market," said the CEO, Douglas Cifu.

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