Citi opens ‘positive catalyst watch’ on Virtu Financial ahead of data

Citi opened a “positive 90-day catalyst watch” on shares of Virtu Financial while keeping a Buy rating on the name. The firm expects strong 605 data for July, given the improved environment compared to recent months. And while still early days, August data to-date points to an even better environment, the analyst tells investors in a research note. The firm says that given these trends, Virtu’s Q3 is shaping up to be an “exceptionally strong quarter.”