How its done - Virtu

tar

Legendary member
1 losing day in 1485 trading days period .

5 million trades per day .

49% wining trades .

Diversification : 11000 securities 34 countries .

Tens of thousands of strategies !

Hedging .


"Law of Large Numbers’
“Over a million times day, we’re not making money,” Cifu said at an industry conference in June. “But when you add up the volume of instruments that we trade, the tens of thousands of strategies that we trade in all the different marketplaces, it’s simply the law of large numbers, and, as a result, yes, we are profitable every day.”"


http://www.bloomberg.com/news/artic...rader-virtu-extends-nearly-unblemished-streak
 

tar

Legendary member
And yet their stock is getting ****ed :LOL:
 

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tar

Legendary member
So their revenue was 750 million the other year with 190 million net profit . With 5 million trades per day thats a revenue of 50 cents per trade , i am sure t2w members wont be ok with that :LOL:
 
 
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