Virtu Financial Management
Management criteria checks 3/4
Virtu Financial's CEO is Doug Cifu, appointed in Nov 2013, has a tenure of 11.17 years. total yearly compensation is $8.25M, comprised of 14.5% salary and 85.5% bonuses, including company stock and options. directly owns 1.19% of the company’s shares, worth MX$1.37B. The average tenure of the management team and the board of directors is 5 years and 8.8 years respectively.
Key information
Doug Cifu
Chief executive officer
US$8.3m
Total compensation
| CEO salary percentage | 14.5% |
| CEO tenure | 11.2yrs |
| CEO ownership | 1.2% |
| Management average tenure | 5yrs |
| Board average tenure | 8.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$176m |
| Jun 30 2024 | n/a | n/a | US$179m |
| Mar 31 2024 | n/a | n/a | US$131m |
| Dec 31 2023 | US$8m | US$1m | US$134m |
| Sep 30 2023 | n/a | n/a | US$156m |
| Jun 30 2023 | n/a | n/a | US$136m |
| Mar 31 2023 | n/a | n/a | US$202m |
| Dec 31 2022 | US$12m | US$1m | US$255m |
| Sep 30 2022 | n/a | n/a | US$329m |
| Jun 30 2022 | n/a | n/a | US$359m |
| Mar 31 2022 | n/a | n/a | US$339m |
| Dec 31 2021 | US$10m | US$1m | US$463m |
| Sep 30 2021 | n/a | n/a | US$472m |
| Jun 30 2021 | n/a | n/a | US$517m |
| Mar 31 2021 | n/a | n/a | US$649m |
| Dec 31 2020 | US$12m | US$1m | US$632m |
| Sep 30 2020 | n/a | n/a | US$504m |
| Jun 30 2020 | n/a | n/a | US$386m |
| Mar 31 2020 | n/a | n/a | US$162m |
| Dec 31 2019 | US$5m | US$1m | -US$61m |
| Sep 30 2019 | n/a | n/a | US$37m |
| Jun 30 2019 | n/a | n/a | US$50m |
| Mar 31 2019 | n/a | n/a | US$105m |
| Dec 31 2018 | US$9m | US$1m | US$284m |
Compensation vs Market: Doug's total compensation ($USD8.25M) is above average for companies of similar size in the MX market ($USD2.39M).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
CEO
Doug Cifu (59 yo)
11.2yrs
Tenure
US$8,251,865
Compensation
Mr. Douglas A. Cifu, also known as Doug, is Vice Chairman, Partner & Alternate Governor of Florida Panthers Hockey Club, Ltd. He is Co-founder, CEO & Director of Virtu Financial, Inc. from November 2013. H...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 11.2yrs | US$8.25m | 1.19% MX$ 1.4b | |
| Co-President & Co-COO | 4.7yrs | US$3.96m | 0.45% MX$ 517.3m | |
| Co-President & Co-COO | 4.7yrs | US$4.34m | 0.12% MX$ 135.2m | |
| Founder & Chairman Emeritus | 16.8yrs | no data | 0% MX$ 0 | |
| Executive VP of Markets & Global Head of Execution Services | 6yrs | US$3.81m | 0.19% MX$ 221.9m | |
| Chief Financial Officer | less than a year | no data | 0.0044% MX$ 5.0m | |
| Executive VP & CTO | 5yrs | no data | no data | |
| Senior VP | no data | no data | no data | |
| Global Head of New Sales | 4.6yrs | no data | no data | |
| Senior VP of Global Business Development & Corporate Strategy | 5yrs | no data | no data | |
| Head of Analytics & Workflow Solutions | 6yrs | no data | no data | |
| Head of Virtu Capital Markets | 5.2yrs | no data | no data |
5.0yrs
Average Tenure
55yo
Average Age
Experienced Management: VIRT *'s management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 11.2yrs | US$8.25m | 1.19% MX$ 1.4b | |
| Founder & Chairman Emeritus | 16.8yrs | no data | 0% MX$ 0 | |
| Independent Director | 5yrs | US$280.00k | 0.028% MX$ 32.1m | |
| Independent Director | 7.3yrs | US$285.00k | 0.037% MX$ 42.7m | |
| Independent Director | 9.8yrs | US$305.00k | 0.067% MX$ 76.7m | |
| Independent Director | 8.8yrs | US$295.00k | 0.059% MX$ 68.0m | |
| Independent Director | 9.7yrs | US$335.00k | 0.052% MX$ 59.8m | |
| Independent Director | 3.8yrs | US$285.00k | 0.036% MX$ 41.6m | |
| Independent Director | 6.1yrs | US$280.00k | 0.041% MX$ 46.5m | |
| Chairman | 8.8yrs | US$400.42k | 0.13% MX$ 152.1m |
8.8yrs
Average Tenure
66yo
Average Age
Experienced Board: VIRT *'s board of directors are considered experienced (8.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/07 23:12 |
| End of Day Share Price | 2024/12/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Virtu Financial, Inc. is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Paul Condra | BMO Capital Markets Equity Research |
| Craig Siegenthaler | BofA Global Research |
| Christopher Allen | Buckingham Research Group Inc. |