Virtu Financial is trading at $65.09, up +6.37%, after Bloomberg reported a potential $3.5 billion-$4 billion sale of its agency brokerage and technology division.
- Shares are extending their August 20 advance.
- The transaction could release capital for Virtu Financial’s core market-making operation, though discussions remain preliminary and the company may retain the unit.
- Broader markets are modestly higher, making the company-specific report the primary catalyst.