VIRTU FINANCIAL,INC. (NASDAQ:VIRT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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VIRTU FINANCIAL,INC. (NASDAQ:VIRT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October2, 2017, Virtu Financial,Inc. (“Virtu”) entered into a Confidential Separation Agreement,Interest Repurchase and General Release of Claims (the “Agreement”) with Venu Palaparthi, Virtu’s former Senior Vice President, Compliance, Regulatory and Government Affairs. The Agreement provides among other items, for the repurchase of indirect equity interests in the Company previously held by Mr.Palaparthi for total consideration of $785,252, and certain separation payments totaling $775,631 in the aggregate, in each case payable over the period ending August2020, and the affirmation of certain restrictive covenants previously agreed. The foregoing summary is qualified in its entirety by the Agreement, a copy of which will be attached as Exhibit10 to Virtu’s next quarterly report on Form10-Q.


About VIRTU FINANCIAL,INC. (NASDAQ:VIRT)

Virtu Financial, Inc. is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions. It has a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools in various countries around the world. It makes markets in a range of different assets classes, such as Americas Equities; Europe, the Middle East and Africa (EMEA) Equities; Asia Pacific (APAC) Equities; Global Commodities; Global Currencies, and Options, Fixed Income and Other Securities. It makes markets for global banks, brokers and other intermediaries, and indirectly provides services to retail and institutional investors.