How Virtu trained its intelligent algos

Firm has sought to meld traders’ instincts with insights from ‘massive scale’ data

Machine learning

“All we’ve done is coded everything a human trader would ever do.”

This is how Stephen Cavoli, head of execution services at market-marker and execution services provider Virtu Financial, describes the firm’s machine learning-powered agency execution algorithms. By Cavoli’s estimates, there are only a handful of firms that have the technical skills and depth of pocket to do it. Buy-siders say he is probably right.

Virtu Financial comes to the task having started out as a high-tech market-maker

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: