US Trading Firm Virtu Eyes China Market-Making as $520B ETF Door Opens
Virtu eyes China as the US trading giant positions itself to enter the world’s second-largest economy through market-making opportunities right now. The New York-based firm is actively exploring China’s $520 billion ETF market, which Beijing is considering opening to Western market makers for the first time, and this could be a significant game-changer for the industry. Also Read: US & China Reach Deal to Ease Export Curbs and Preserve Truce Virtu’s Expansion Into China’s ETF, Trading & Market-Making Space Source: XTB China’s ETF market represents a massive opportunity that has attracted major Western trading firms at the time of writing. Back in April, China was considering opening its ETF market to Western market makers, and this move could draw firms like Citadel Securities, Jane Street, and also Amsterdam-based Optiver. Brett Fairclough, co-president and co-chief operating officer of Virtu, was clear about the fact that “China presents a long-term...