VIRT

Virtu Financial Inc

Halal Rating :
Questionable
Last Price $39.3
Market Cap $6.09b
1D Change

3.56 %

1 Year Change

78.12 %

Next Earnings Date

Yet to be announced

Company Overview

Virtu Financial provides data, analytics, and connectivity products to clients worldwide. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology. The company's solutions enable clients to trade on various venues across countries and in multiple asset classes.

Revenue Sources

Pass

Virtu Financial's primary revenue comes from market making and execution services, which involve legitimate trading activities where actual ownership transfer occurs. The company facilitates price discovery and provides liquidity to markets, which are permitted activities from an Islamic finance perspective as they involve real asset exchange and value creation.

The company's business model focuses on connecting buyers and sellers in financial markets and earning spreads from these legitimate trading activities. This is fundamentally different from gambling or pure chance-based activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio

Based on the provided financial data for the last four quarters, no interest income or expense is reported in the company's financial statements. However, this appears to be incomplete data as financial services firms typically have some interest-bearing activities.

Without complete interest-related financial data, we cannot make a definitive assessment of the company's interest-bearing activities.

Operational Ethics

Pass

After reviewing available public information, SEC filings, and the company's official communications, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in North American and European markets, with no indication of material business relationships with the state of Israel or the Chinese Communist Party.

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