Financial results
Virtu’s combined trading-cost and order-flow line reached $640 million—more than payroll
The filing identifies payment for order flow as a major expense component but does not disclose the amount paid for retail equity orders
The companies, products and regulatory developments shaping the broker industry.
The filing identifies payment for order flow as a major expense component but does not disclose the amount paid for retail equity orders
A 24X rule filing raises the sub-$1 removal-of-liquidity charge for retail and non-retail orders, a measurable change for broker execution economics.