NEW YORK: Virtu Financial Inc on Thursday reported a fourth-quarter profit versus a year-earlier loss as the trading and market making company benefited from robust market volumes driven by volatility during the coronavirus pandemic.
Virtu earned $197.7 million, or 88 cents per diluted share, in the quarter, compared with a loss of $29.4 million, or 16 cents per diluted share, a year earlier, following the company's $1 billion acquisition of brokerage ITG.
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