Virtu Financial to acquire ITG for $1bn

Cash deal comes little over a month since reports of potential merger

Virtu acquired rival market-maker KCG in 2017 for $1.3 billion

Virtu Financial has entered into an agreement to acquire agency broker and financial technology provider ITG in a $1 billion deal, which will see the market-making specialist boost its institutional footprint.

The acquisition comes just a year after Virtu paid $1.3 billion to buy rival market-making firm KCG for $1.3 billion. The latest deal will see Virtu pay $30.30 per ITG share in a bid to expand its agency offering to its institutional client franchise.

The price represents a premium of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: