Virtu Financial, Inc. (NASDAQ: VIRT) a leading provider of workflow technology and analytics, today announced that RFQ-hub, Virtu’s bilateral multi-asset and multi-dealer request for quote platform, recently facilitated two record-setting trades in Environmental, Social and Governance (ESG) options. The first, initiated on 9 February, was for 10,000 ESG option contracts of S&P 500 ESG Index with a value of nearly US$332M. The second, occurred on 11 February for 100,000 ESG option contracts of STOXX Europe 600 ESG-X Index with a value of €1.5B (US$1.67B).
Attracted by RFQ-hub’s transparency, operational efficiency, audit trail and embedded analytics, Asset Managers are increasingly relying on the platform to negotiate trades related to ESG instruments.
“Virtu is committed to helping our clients build more efficient trading workflows,” said David Angel, Head of Continental Europe, Virtu Financial. “These trades, together with a series of new infrastructure and GUI’s and expanded instrument coverage initiatives—such as the recent launch of a new Swaptions module—help confirm RFQ-hub’s position as a leading platform for supporting electronic derivatives trading.”
RFQ-hub brings asset managers and market makers together online to help electronically deliver aggregated and competitive liquidity, streamline workflow and improve pricing, with a focus on equity and fixed income listed and OTC derivatives, structured products and ETFs.
For more information about Virtu’s workflow technology platforms and other execution tools, please visit the client solutions page at www.virtu.com
