Vitru Financial has captured the attention of the financial market, and nearly everyone wants to know the secrets to their nearly flawless success. In their own initial public offering two weeks ago, Virtu Financial, a high frequency trading firm based out of New York, exposed its trading records to reveal that in over three years of trading equities and currencies they have had only one day of losses. To say that the financial world has decided that they deserve a little attention for this feat is the understatement of the year so far.
Those who criticize high-frequency traders claim that a trading firm that operates with such risk in mind, moving securities at such a high volumes places billions at risk. This is one firm that debunks that fear…for the moment. “The chart below illustrates our daily Adjusted Net Trading Income from January 1, 2009 through December 31, 2013,” Virtu wrote in their IPO. “As a result of our real-time risk management strategy and technology, we had only one losing trading day during the period depicted, a total of 1,238 trading days.” You can find all of Vitru’s trading results by following the link and reading the IPO for yourself.