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Big banks turning to electronic firms to navigate markets

Complex world of high-speed electronic trading brings opportunities for specialists like Virtu, Citadel Securities
Friday, August 12, 2016 - 05:50

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JPMorgan has agreed to use Virtu's technology to trade in the US$13.4 trillion US Treasury market.

Washington

AFTER JPMorgan Chase & Co's shares plunged 21 per cent in the opening minutes of trading on Aug 24 last year, the world's largest investment bank sought out an unlikely ally, Virtu Financial Inc, to help it understand what happened.

The lion was turning to a mouse

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