Virtu Financial, Inc. Announces Resignation of Glenn Hutchins from the Board of Directors and Board’s Strategy Committee and Risk Committee
August 17, 2021 at 05:20 pm EDT
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On August 17, 2021, Glenn Hutchins resigned from the Board of Directors of Virtu Financial, Inc., and the Board’s Strategy Committee and Risk Committee, effective immediately. Immediately following the closing of the Stock Purchase on August 13, 2021, Ordinal holds less than 50% but more than 25% of the shares of the Company’s Class A common stock that it held as of the closing of the Ordinal Investment, and in accordance with sections 4.4(a) and (c) of the Investment Agreement, Mr. Hutchins immediately resigned from the Board.
Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. The Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment offers agency execution services and trading venues that provide trading in global equities, exchange traded funds, fixed income, currencies, and commodities to institutions, banks and broker dealers. The Company's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite, including offerings in liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.
VIRTU FINANCIAL, INC. 
