Virtu Financial Joins the Talos Network as Liquidity Provider

Virtu Financial, Inc. (NYSE:VIRT), a leading principal market maker that leverages cutting-edge technology to deliver liquidity to the global markets, has integrated with Talos, the premier provider of institutional digital asset infrastructure, technology and data supporting the full investment lifecycle. With this integration, Virtu is now streaming spot digital asset liquidity to institutional clients through the Talos platform.

With more than 17 years of experience providing liquidity across equities, foreign exchange, commodities and fixed income markets, Virtu is leveraging its principal trading expertise to scale its operations in the digital asset space which includes both spot crypto and digitalized metals. The firm maintains a significant presence in on-exchange spot and perpetual futures markets and has served as an Authorized Participant and Preferred Market Maker for US-listed crypto ETFs since their launch. The integration with Talos supports Virtu’s expanding over-the-counter (OTC) digital asset business by broadening connectivity to institutional trading firms, asset managers and other market participants.

“Our partnership with Talos is a natural fit for Virtu’s ambitions in the digital asset markets,” said Scotte Moegling, Head of Business Development for Digital Assets at Virtu. “Our success in building and managing a counterparty business in traditional markets means we deeply understand the importance of genuine partnership and pricing stability. With Talos’s extensive institutional reach, we are bringing that reliability in OTC pricing to the crypto spot markets.”

The addition of Virtu’s liquidity further expands the range of principal liquidity providers accessible through Talos’s leading provider network. Institutional clients using Talos can aggregate liquidity across multiple venues for streamlined price discovery and execution workflows.

“We are pleased to welcome Virtu to the Talos provider network, making their OTC digital asset liquidity available through our platform,” said Daniel Packham, VP and Head of Provider Network at Talos. “By integrating with established market makers like Virtu, Talos is bridging TradFi and crypto markets while broadening the range of liquidity available to our clients.” 

About Virtu Financial

Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre-, intra- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

About Talos

Talos provides institutional-grade technology and data that supports the full digital asset investment lifecycle, including liquidity sourcing, price discovery, trading, settlement and portfolio management. Engineered by a team with unmatched experience building institutional trading, portfolio and data systems, the Talos platform connects institutions to key providers in the digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians and more – through a single interface.

^{Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.}