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Virtu Partners to Enhance ETF Analytics

Virtu Financial and MarketAxess Holdings, each a leader in electronic trading and analytics, announced exchange-traded fund (ETF) issuers Charles Schwab Investment Management and WisdomTree Asset Management as new clients of Virtu’s eNAV ETF analytics tool enhanced with MarketAxess’ Composite+, an AI-powered algorithmic pricing engine for corporate and emerging market bonds. Rolled-out in Q1 2020, Virtu’s eNAV ETF analytics tool offers real-time transparency for ETF valuations by calculating the bid and ask prices of ETFs based on their underlying components and/or proxy assets. According to a story in Markets Media news, Composite+ combines both public (US TRACE) and proprietary MarketAxess data to produce an unbiased, two-sided market for more than 28,000 instruments globally. Updated every 15 to 60 seconds (depending on the liquidity of the instrument), the Composite+ engine generates nearly 30 million levels per day covering 90-95% of trading activity in its markets.

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