Virtu considers selling brokerage and technology division for up to $4 billion

The early-stage talks could free capital for Virtu’s core market-making business, but the company may ultimately retain the unit.

Virtu Financial is considering selling its agency brokerage and technology division in a deal that could raise up to $3.5 billion to $4 billion, Bloomberg reported.

The talks are at an early stage, and Virtu may ultimately decide to retain the business, according to people familiar with the matter. A company spokesperson declined to comment.

The potential sale would free capital for Virtu’s core market-making operation. The division includes agency brokerage, execution software, data and analytics services.

Virtu shares rose as much as 6.7% Thursday before reversing gains and falling 4% to $57.55 at 10:12 a.m. in New York.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Virtu Financial is considering selling its agency brokerage and technology division in a deal that could raise up to $3.5 billion to $4 billion, Bloomberg reported.

The talks are at an early stage, and Virtu may ultimately decide to retain the business, according to people familiar with the matter. A company spokesperson declined to comment.

The potential sale would free capital for Virtu’s core market-making operation. The division includes agency brokerage, execution software, data and analytics services.

Virtu shares rose as much as 6.7% Thursday before reversing gains and falling 4% to $57.55 at 10:12 a.m. in New York.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.