122: Doug Cifu – Virtu: Hitting Singles All Day Long—On a Global Scale

This podcast episode delves into the core principles behind Virtu's successful electronic market making business, emphasizing the crucial role of financial intermediaries in fostering trust and liquidity between buyers and sellers. Cifu discusses Virtu's sustainable growth model, which hinges on focusing on efficiency rather than speed, alongside a robust risk management strategy that leverages technology and human oversight. Highlighting the barriers to entry in a competitive market and the importance of a strong organizational culture, Cifu encapsulates his entrepreneurial philosophy that champions hard work, collaboration, and a willingness to challenge norms.