M&A Deal Summary

Virtu Financial Acquires Investment Technology Group

On November 7, 2018, Virtu Financial acquired financial services company Investment Technology Group for 1.0B USD

Acquisition Highlights
  • This is Virtu Financial’s 3rd transaction in the Financial Services sector.
  • This is Virtu Financial’s 2nd largest (disclosed) transaction.
  • This is Virtu Financial’s 3rd transaction in the United States.
  • This is Virtu Financial’s 1st transaction in New York.

M&A Deal Summary

Date 2018-11-07
Target Investment Technology Group
Sector Financial Services
Buyer(s) Virtu Financial
Deal Type Merger
Deal Value 1.0B USD
Advisor(s) J.P. Morgan Securities (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Investment Technology Group

New York, New York, United States
Investment Technology Group, Inc. is an independent execution and research broker partnering with global portfolio managers and traders throughout the investment process, from investment decision through to settlement. Investment Technology Group was founded in 1983 and is based in New York.

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Buyer(S) 1

Buyer

Virtu Financial

New York, New York, United States

Category Company
Founded 2008
Sector Financial Services
Employees969
Revenue 2.9B USD (2024)
DESCRIPTION

Virtu Financial is an active market maker across all major financial centers including equities, fixed income, currencies, futures, energy products and other commodities. Virtu Financial was founded in 2008 and is based in New York, New York.


DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 3 of 3
Type: Merger M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2018 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 BondPoint

New York, New York, United States

Creditex Securities Corp. is a provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its alternative trading system (ATS) linking more than 500 financial services firms.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 MATCHNow

Toronto, Ontario, Canada

TriAct Canada Marketplace LP operates MATCHNow which is an alternative trading system and a premier provider of dark liquidity in the Canadian equities market. It maintains over 90% market share in dedicated Canadian dark pool trading, and over 60% market share in all dark trading upon the inclusion of dark trades on Canada's lit venues. MATCHNow was formed in 2006 and is based in Toronto, Ontario.

Sell -