Virtu Financial Collaborates with ClearingBid

Virtu Financial, a provider of financial services and products that leverage technology to deliver innovative trading solutions to clients and liquidity to the global markets, announced a strategic engagement with ClearingBid, Inc., an IPO investing network according to a story in Markets Media news. Under the terms of the agreement, ClearingBid’s proprietary IPO network will leverage Virtu ITG Net’s scaled connectivity platform. All brokers and financial institutions that rely on Virtu’s connectivity to complete millions of transactions every day will now be able to place orders for IPO shares using the same order entry systems as secondary market limit orders.