Virtu Financial is trading 10.63% up now at $67.70 after Bloomberg reported the company is exploring a sale of its agency brokerage and technology division for $3.5 billion to $4 billion.
- The transaction could release capital for its core market-making business, prompting investors to favor a leaner corporate structure.
- Talks remain preliminary, and Virtu Financial may ultimately retain the unit.
- The move substantially outpaces the broader market’s modest gains.