Virtu Financial is paying $ 1bn for rival digital ITG as it seeks to develop relationships with more big institutional investors . The global digital market leaders agreed to pay a 9 % premium to the previous day ’s closing price , and a 40 % premium to the shareholders before reports of a possible merger first broke in October .
Virtu Financial is paying $1bn for rival brokerage ITG as it seeks to develop relationships with more big institutional investors. The US digital market maker agreed to pay a 9% premium to the previous day’s closing price, and a 40% premium to the price before reports of a possible deal first broke in October.