Enhanced Investments - Financial Portal

RFQ-hub Holdings LLC Appoints Colin Pettorsson as CEO of Consortium

Published: 2023-02-14 12:00:00 ET

NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a global market maker, broker and leading provider of global financial services technology, on behalf of RFQ-hub Holdings LLC, today announced the appointment of Colin Pettorsson as Chief Executive Officer of RFQ-hub.

Colin brings over 25 years of experience in multi-asset workflow management for the global buy-side and liquidity provider communities. Before joining RFQ-hub as CEO, Pettorsson spent the previous 10 years managing product development for two other well regarded request-for-quote platforms.

“We’re excited to welcome Colin to lead the RFQ-hub team,” said Joseph Molluso, Co-President and Co-Chief Operating Officer at Virtu Financial. “MarketAxess and our other RFQ-Hub consortium partners and I believe that Colin's unique experience and qualifications make him the right choice to help us create the leading RFQ platform for global multi-asset traders and liquidity providers.”

“I look forward to collaborating with the global multi-asset trading community," said Colin Pettorsson, Chief Executive Officer of RFQ-hub. “As a consortium, we will leverage our collective extensive capabilities combined with RFQ-hub’s expertise in delivering streamlined, multi-asset solutions to help create the next generation RFQ platform for the global buy-side community.”

For more information on RFQ-hub, please visit https://www.virtu.com/solutions/rfq-hub/.

About RFQ-hub

RFQ-hub is Virtu’s bilateral multi-asset and multi-dealer request for quote platform which brings asset managers and liquidity providers together 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 exchange-traded funds (ETFs). In May 2022, Virtu Financial, Inc. (Nasdaq:VIRT), a global market maker, broker and leading provider of global financial services technology, announced the formation of RFQ-hub Holdings LLC to support the growth of RFQ-hub. In addition to Virtu, founding consortium members include liquidity providers Citadel Securities, Flow Traders and Jane Street Capital, asset manager BlackRock and leading electronic trading platform MarketAxess. MarketAxess has a significant minority stake in the platform.

About Virtu FinancialVirtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

CONTACT:Investor and Media RelationsAndrew Smithinvestor_relations@virtu.com

Source: Virtu Financial, LLC

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.