Virtu Financial sees 17% trading income decline in Q2 to $507 million

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/04/Virtu-Financial.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Moreover, Virtu Financial disclosed that its adjusted net trading income saw a 22% drop, reaching $278.7 million during the last quarter, down from the $357.4 million recorded in the second quarter of 2022. Furthermore, the electronic market maker’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $122 million, which represents a 43% decrease compared to the $209.3 million from the corresponding quarter of the previous year.</p>
<p>In their statement, Virtu Financial’s Board of Directors announced a quarterly cash dividend of $0.24 per share, consistent with the dividend declared in the previous quarter. On the other hand, the company’s earnings for the last quarter were reported at $0.16 in basic and diluted earnings per share, reflecting a significant 79% decline from the $0.78 earnings seen in Q2 of 2022.</p>
<p>Earlier this year, <a href="https://www.leaprate.com/forex/executives/michael-t-viola-to-succeed-robert-greifeld-as-chairman-of-virtu-financial/" target="_blank" rel="noopener">Michael T. Viola</a> became chairman of <a href="https://www.leaprate.com/tag/virtu-financial/" target="_blank" rel="noopener">Virtu Financial.</a></p>
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