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So how do you explain this: When filing for its IPO in March 2014, it was disclosed that during five years Virtu Financial made profit 1,277 out of 1,278 days,
by 21 9y ago
So how do you explain this:
When filing for its IPO in March 2014, it was disclosed that during five years Virtu Financial made profit 1,277 out of 1,278 days, losing money just one day.
- lionyo 9y agoAnd that one day was due to a programming error, not a trading error
- pfarnsworth 9y agoThey don't rely on technical analysis. They are arbitrage trading across different markets, where there's zero chance of losing money if you're fast enough and doing it right. That's why HFT is so popular, if you're doing it right you can't lose money.