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Virtu Financial (VIRT) Ties Up to Help Clients in MENA Region
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Virtu Financial, Inc. (VIRT - Free Report) recently inked a non-exclusive co-operation deal with Arqaam Capital to enable clients in the Middle-Eastern and North Africa (MENA) markets to leverage VIRTs global equity execution algorithms.
Notably, Arqaam is an emerging markets specialist. Clients will be able to achieve better execution with the access to new channels.
Per the terms of the agreement, Arqaam will provide Virtu Financial and Arqaam clients in the MENA market with market access and expertise. While at VIRT’s end, this move is in line with its commitment to serving clients in the MENA region through a wide array of trading algorithms to access the global markets.
In this regard, it should be noted that investors and markets in the MENA region have evolved ever since the launch of Arqaam Capital, which works on developing markets. VIRT’s premier algorithmic trading tools are award-winning and highly effective.
Time and again, this currently Zacks Rank #1 (Strong Buy) miscellaneous financial services provider came up with solutions to aid its clients. Virtu Financial employs state-of-the art technology to provide liquidity to the global markets.
Shares of VIRT have gained 12.8% in the past year against its industry’s decline of 3.9%.
Image Source: Zacks Investment Research
The COVID-led market volatility contributed to VIRT’s overall solid performance, which gains traction from market unpredictability.
This apart, strength in its Execution Services segment drove the overall upside. VIRT’s solvency position and lower expenses also boosted this uptrend.
Houlihan Lokey is an investment bank, which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. HLI managed to deliver a four-quarter average surprise of 28.08%. In a year's time, the stock has gained 41%.
XP provides a technology-driven financial services platform. XP managed to surpass on earnings in all the trailing four quarters, the average beat being 21.60%. In a year's time, XP has lost 30.4%.
Oaktree Specialty Lending Corporation provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. OCSL managed to deliver a four-quarter average surprise of 12.16%. The stock has gained 14.35% in a year’s time.
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Virtu Financial (VIRT) Ties Up to Help Clients in MENA Region
Virtu Financial, Inc. (VIRT - Free Report) recently inked a non-exclusive co-operation deal with Arqaam Capital to enable clients in the Middle-Eastern and North Africa (MENA) markets to leverage VIRTs global equity execution algorithms.
Notably, Arqaam is an emerging markets specialist. Clients will be able to achieve better execution with the access to new channels.
Per the terms of the agreement, Arqaam will provide Virtu Financial and Arqaam clients in the MENA market with market access and expertise. While at VIRT’s end, this move is in line with its commitment to serving clients in the MENA region through a wide array of trading algorithms to access the global markets.
In this regard, it should be noted that investors and markets in the MENA region have evolved ever since the launch of Arqaam Capital, which works on developing markets. VIRT’s premier algorithmic trading tools are award-winning and highly effective.
Time and again, this currently Zacks Rank #1 (Strong Buy) miscellaneous financial services provider came up with solutions to aid its clients. Virtu Financial employs state-of-the art technology to provide liquidity to the global markets.
Shares of VIRT have gained 12.8% in the past year against its industry’s decline of 3.9%.
Image Source: Zacks Investment Research
The COVID-led market volatility contributed to VIRT’s overall solid performance, which gains traction from market unpredictability.
This apart, strength in its Execution Services segment drove the overall upside. VIRT’s solvency position and lower expenses also boosted this uptrend.
Other Stocks to Consider
Some other top-ranked stocks in the same space are Houlihan Lokey, Inc. (HLI - Free Report) , XP Inc. (XP - Free Report) and Oaktree Specialty Lending Corporation (OCSL - Free Report) , each holding a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Houlihan Lokey is an investment bank, which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. HLI managed to deliver a four-quarter average surprise of 28.08%. In a year's time, the stock has gained 41%.
XP provides a technology-driven financial services platform. XP managed to surpass on earnings in all the trailing four quarters, the average beat being 21.60%. In a year's time, XP has lost 30.4%.
Oaktree Specialty Lending Corporation provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. OCSL managed to deliver a four-quarter average surprise of 12.16%. The stock has gained 14.35% in a year’s time.