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Why Is Virtu Financial Stock Jumping Today?

Virtu Financial, Inc. (NASDAQ:VIRT) shares are trading higher after the company reported better-than-expected second-quarter financial results. The company registered adjusted earnings per share of 83 cents, beating the street view of 60 cents. Quarterly adjusted net trading income totaled $385.08 million, beating the analyst consensus of $331.57 million. Virtu reported an adjusted EBITDA of $217.5 million, with an adjusted EBITDA margin of 56.5%. Total revenues increased 36.7% to $693.0 million for this ...