122: Doug Cifu – Virtu: Hitting Singles All Day Long—On a Global Scale
Chat With Traders
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The Risks of Being a Market Maker
Virtus takes no directional trades, but does make money by buying fives and selling sixes. "We don't sit there and hold a position, you know, praying for me in reverse and that kind of thing" He says the company makes between three and two million dollars to four and a half million dollars per day.
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