High-frequency-trading firm Virtu Financial has been executing test interest rate swap trades on a broker-run central limit order book (Clob) – one of only two non-banks known to have done so. The company, best known as an equities trader, is preparing to take on incumbent dealers by launching an over-the-counter derivatives market-making business, says president and chief operating officer, Chris Concannon.
"We definitely see this as an opportunity. We view ourselves as a market-maker in a lot
The week on Risk.net, March 10-16 2018Receive this by email