Here is an excellent description of Virtue, which makes markets in many markets all over the world: http://www.bloomberg.com/news/features/2016-08-11/virtu-never-loses-well-almost-never-in-quest-to-upend-markets
“What the company wants to do over and over is to sell to buyers and buy from sellers, not take positions of its own, and either hedge its risks at the end of the day or go home with no risk at all. It does this with stocks, currencies, futures, and fixed-income securities. All told, Virtu makes markets in more than 12,000 financial assets. The ruthless efficiency at its core is most evident when you consider that it trades on more markets (230-plus venues in 35 countries around the world) than it has employees (148 at the end of 2015).”
Do read the entire article…
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