Virtu Financial Management
Management criteria checks 4/4
Virtu Financial's CEO is Doug Cifu, appointed in Nov 2013, has a tenure of 11.08 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 $65.41M. The average tenure of the management team and the board of directors is 4.9 years and 8.7 years respectively.
Key information
Doug Cifu
Chief executive officer
US$8.3m
Total compensation
| CEO salary percentage | 14.5% |
| CEO tenure | 11.1yrs |
| CEO ownership | 1.2% |
| Management average tenure | 4.9yrs |
| Board average tenure | 8.7yrs |
Recent management updates
Recent updates
Virtu Financial: Market's Loss Is My Gain
Nov 05Virtu Financial (NASDAQ:VIRT) Is Paying Out A Dividend Of $0.24
Oct 29
Virtu Financial: The Perfect Hedge In Every Environment
Sep 26Virtu Financial: Still A Powerful Hedge You Don't Know About
Sep 09Virtu Financial (NASDAQ:VIRT) Will Pay A Dividend Of $0.24
Aug 22Virtu Financial: Anti-Fragile, Uncorrelated And Outperforming
Aug 16Virtu Financial's (NASDAQ:VIRT) Dividend Will Be $0.24
Jul 23Virtu Financial, Inc.'s (NASDAQ:VIRT) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Jul 20Virtu Financial: Overperformance With Clear Ethereum Catalyst
Jul 19Virtu Financial, Inc.'s (NASDAQ:VIRT) Shares Lagging The Market But So Is The Business
Jun 05Virtu Financial: Meme Stocks Are Roaring Back And Market Makers Are Salivating
May 14Virtu Financial, Inc.'s (NASDAQ:VIRT) Price Is Right But Growth Is Lacking
Mar 04Virtu Financial (NASDAQ:VIRT) Has Announced A Dividend Of $0.24
Jan 28Virtu Financial: A Powerful Hedge
Jan 18Virtu Financial: Benefits From Market Volatility
Sep 26Virtu Financial Non-GAAP EPS of $0.73 beats by $0.01, revenue of $604.74M beats by $244.84M
Jul 28CEO 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 |
| Sep 30 2018 | n/a | n/a | US$215m |
| Jun 30 2018 | n/a | n/a | US$193m |
| Mar 31 2018 | n/a | n/a | US$169m |
| Dec 31 2017 | US$4m | US$1m | US$2m |
Compensation vs Market: Doug's total compensation ($USD8.25M) is about average for companies of similar size in the US market ($USD8.00M).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
CEO
Doug Cifu (59 yo)
11.1yrs
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 | 11.1yrs | US$8.25m | 1.19% $ 65.4m | |
| Co-President & Co-COO | 4.6yrs | US$3.96m | 0.45% $ 24.8m | |
| Co-President & Co-COO | 4.6yrs | US$4.34m | 0.12% $ 6.5m | |
| Founder & Chairman Emeritus | 16.7yrs | no data | 0% $ 0 | |
| Executive VP of Markets & Global Head of Execution Services | 5.9yrs | US$3.81m | 0.19% $ 10.6m | |
| Chief Financial Officer | less than a year | no data | 0.0044% $ 240.4k | |
| Executive VP & CTO | 4.9yrs | no data | no data | |
| Senior VP | no data | no data | no data | |
| Global Head of New Sales | 4.5yrs | no data | no data | |
| Senior VP of Global Business Development & Corporate Strategy | 4.9yrs | no data | no data | |
| Head of Analytics & Workflow Solutions | 5.9yrs | no data | no data | |
| Head of Virtu Capital Markets | 5.1yrs | no data | no data |
4.9yrs
Average Tenure
55yo
Average Age
Experienced Management: VIRT's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 11.1yrs | US$8.25m | 1.19% $ 65.4m | |
| Founder & Chairman Emeritus | 16.7yrs | no data | 0% $ 0 | |
| Independent Director | 4.9yrs | US$280.00k | 0.028% $ 1.5m | |
| Independent Director | 7.2yrs | US$285.00k | 0.037% $ 2.0m | |
| Independent Director | 9.7yrs | US$305.00k | 0.067% $ 3.7m | |
| Independent Director | 8.7yrs | US$295.00k | 0.059% $ 3.3m | |
| Independent Director | 9.6yrs | US$335.00k | 0.052% $ 2.9m | |
| Independent Director | 3.7yrs | US$285.00k | 0.036% $ 2.0m | |
| Independent Director | 6yrs | US$280.00k | 0.041% $ 2.2m | |
| Chairman | 8.7yrs | US$400.42k | 0.13% $ 7.3m |
8.7yrs
Average Tenure
66yo
Average Age
Experienced Board: VIRT's board of directors are considered experienced (8.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 04:37 |
| End of Day Share Price | 2024/12/20 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. |