122: Doug Cifu Virtu: Hitting Singles All Day LongOn a Global Scale

Published: April 27, 2017, 6:02 a.m.

b'Doug Cifu is the co-founder and CEO of Virtu Financial, one of the largest electronic market making firms in the world. Around the clock, Virtu are trading in 12,000 instruments, across 235 markets and 36 countries, with only 140 staff.\\nVirtu often trade more than 4.5 million times a day, and prior to their IPO in 2015, Virtu reported the firm had made a profit 1,277 out of 1,278 days\\u2014losing money just one day between 2009 and 2014.\\nAnd in recent news, Virtu made headlines 20th April (2017), after announcing their acquisition of rival, Knight Capital Group for $1.4 billion.\\nDoug is also the co-owner of NHL team, Florida Panthers\\u2014with the second owner, being none other than his Virtu co-founder, Vincent Viola.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'