A number of market participants, from traders to exchanges, have been finedby the US Securities and Exchange Commission for breaking trading rules.
Virtu is one of the largest traders in global equities, commodities and foreignexchange, making money on the difference in the spread at which assets aretraded.
It has drawn attention for its disclosure that it has lost money on just one of thelast 1,485 trading days.
Revenues at the company rose 9 per cent to $723m while net income rose 4.3per cent to $190m in 2014.
In the same period, net income rose between 44 per cent and 55 per cent, to$70-$76m. The IPO will help Silver Lake Partners, a US private equity groupand long-time backer of Virtu, sell down part of its 10.7 per cent shareholding.
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