Retail frenzy is dubious gift for market middlemen

📆 11-02-21 21:51:00
📰 Breakingviews

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Marketplace middlemen like $6 billion Virtu Financial seemed like the main winners as Reddit-using punters poured cash into shorted stocks like GameStop. But appearances can be deceptive, writes LiamWardProud:

Virtu Financial on Feb. 11 reported $3.2 billion of revenue for 2020, which was more than double the total for 2019.

The company’s market-making business, which rapidly buys and sells equities and other securities, generated almost $2.6 billion of revenue in 2020, compared with just over $1 billion in 2019.Specialist traders work at a Virtu Financial booth on the floor of the New York Stock Exchange April 16, 2015.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités