Virtu Financial is exploring the sale of its agency brokerage and technology division, with a potential valuation ranging from $3.5 billion to $4 billion. The division was largely assembled through the 2019 acquisition of Investment Technology Group (ITG) for approximately $1 billion, representing a 3.5x to 4x return on investment. Virtu’s strategy focuses on concentrating resources on its core high-frequency market making operations. The transaction would provide substantial capital for system upgrades, expansion into new asset classes, or shareholder returns. Discussions remain preliminary with no formal sale process initiated yet.
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