[ A L G O R I T H M I C T R A D I N G S U R V E Y ]
Virtu Financial
Virtu Financial exceeds the survey average by
19 basis points this year, achieving an overall score of 6.22 and outperforming the category benchmarks in 11 of the 15 service areas under review. The broker achieved top marks for breadth of dark pools(+ 0.57) and lands within the top three for execution consistency(+ 0.56), speed and reduced market impact( both + 0.39). Year-on-year gains were also impressive, with some significant increases recorded in core capabilities such as cost(+ 0.56), price improvement(+ 0.48) and increase trader productivity(+ 0.49). The only category to register a decrease was customer support(-0.19). Overall, Virtu secured an uptick of 32 basis points.
Virtu’ s algorithmic trading suite features advanced technology architecture to transform trader intentions into deterministic rules-based trading algorithms based on real-time information. The broker provides a suite of strategies whose logic is easy to understand, demystifying order execution and routing.
This year, Virtu received 20 responses from hedge fund managers and firms employing hedge fund strategies, down from 23 in 2025 and 29 in 2024, ranking the broker eleventh in terms of submission numbers. Mid-sized firms with between $ 1 and $ 10 billion in AUM represent 40 % of respondents, followed by large firms with $ 10 to $ 50 billion at 25 % and $ 50 billion and over at 15 %. Traders located in Europe( 35 %) and the UK( 25 %) collectivity represented 60 % of respondents, with the remainder split between North America( 25 %) and Asia-Pacific( 15 %).
The most commonly used algo performance measurement metrics were VWAP TCA( 75 %), IS TCA and liquidity capture( both 60 %) and lastly, mean reversion( 25 %). Overall, 15 % of respondents indicated they were looking to make use of additional algo providers within the next 12 months.
VIRTU FINANCIAL RATINGS FOR ALGORITHMIC PERFORMANCE
Increase trader productivity |
Reduce market impact |
Execution consistency |
Cost Speed Anonymity |
Price improvement |
Customisation |
Ease of use |
6.51 6.39 6.56 6.23 6.53 6.38 6.22 5.65 6.26
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility / sophistication of SOR |
Algo monitoring |
Average score |
5.73 6.36 5.90 6.63 6.06 5.86 6.22
KEY STATS Overall Outperformer: Category Outperformer: X11
6.63 Highest score( Dark pool access) |
5.65
Lowest score( Customisation)
|
0.60
Most improved( Execution consistency)
|
-0.19 Least improved( Customer support) |
80 // TheTRADE // Q2 2026 |
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