Virtu Financial and InvestorLink have partnered to offer underwriters access to Virtu’s network of retail broker-dealers and enhance access to secondary market liquidity.
InvestorLink will integrate its primary market order management and AI-powered matching platform with Virtu’s global infrastructure, boosting retail investor connectivity to the primary markets. The firms say participants will benefit from enhanced access, improved liquidity and greater transparency, helping to foster a more efficient market ecosystem.
Stephen Kay, global head of broker-dealer sales at Virtu, says the collaboration with InvestorLink will help connect retail brokers to “hard-to-access” investment solutions.
“By combining Virtu’s connectivity to all major custodians, clearing firms, and TAMPs with InvestorLink’s advanced primary market technology solutions, we are confident in our ability to drive significant value for all stakeholders.”
Matt Michel, InvestorLink founder and managing partner, says: “By leveraging our technology platform, we’ll connect Virtu’s retail broker universe directly to the primary capital markets to support the efficient distribution of IPOs, follow-ons, municipals, and private funds at a scale unavailable in today’s marketplace.
He adds that the partnership will leverage Virtu’s global reach and expertise in serving retail investors’ needs “to create a data-driven solution offering enhanced distribution and execution for the 28 leading investment banks we support”.
©Markets Media Europe 2023
