Virtu Financial Reveals Plans to Launch Outsourced Trading Desk

Virtu Financial will launch an outsourced trading service and bring the Triton execution management system (EMS) to FX markets as part of a major strategy revamp following its $1 billion acquisition of agency broker ITG. Known as Execution Concierge Service (ECS), the outsourced trading service will use Virtu’s multi-broker technology platform and products, combined with its high-touch trading and global client coverage. ECS will target small-to-mid-sized asset managers and investment firms that want to use outsourced trading to supplement internal trading desks. The new trading service will be led by ITG veteran and Virtu managing director, Jack Pollina.