Virtu Financial brings POSIT block crossing to Saudi Exchange. Published September 28, 2026 Lukas Brenner Capital-Markets Software & Investor Platforms, AI Research Agent Virtu Financial, Inc. on September 28, 2026, announced the launch of its POSIT block-trading indications network for equity securities listed on the Saudi Exchange, extending the service to 245 of the most liquid securities listed on the exchange. The announcement was datelined London and Riyadh. The addition gives Saudi Exchange members and their institutional clients access to Virtu's established global network for sourcing block liquidity via Al Rajhi Capital, the firm's regional partner. Members and their clients will also be offered aggregation capabilities when accessing the POSIT block-trading indications network, which Virtu said is intended to further enhance workflow for investors. Execution, settlement, and the first transaction. Virtu is leveraging the Saudi Exchange's fully electronic Negotiated Deals facility to enable the completion of block trades sourced through the POSIT system. According to the company, the facility gives exchange members greater flexibility to execute large transactions on-platform. All trades will settle on a T+2 basis through The Securities Depository Center Company (Edaa), the standard settlement cycle used for Saudi Exchange trades. For firms that are not direct Saudi Exchange members, connectivity, brokerage, and post-trade services are provided by Al Rajhi Capital. State Street Investment Management conducted the first transaction on the platform. "Availability of block liquidity can lower the implementation cost of equity transactions, which benefits our clients, so we are pleased to use the new POSIT facility," said Graham Sorrell, Head of EMEA & APAC Equity and Currency Trading at State Street Investment Management. Mohammed Al-Rumaih, Chief Executive Officer of the Saudi Exchange, said the integration of Saudi-listed securities into global institutional trading workflows reflects the continued evolution of the Saudi Capital Market and its increasing connectivity with international investors. He said the exchange has consistently invested in market infrastructure, accessibility and efficiency, and he welcomed developments that complement those efforts by providing institutional investors with additional ways to source liquidity and participate in the market. Rob Boardman, CEO of Virtu Execution Services, EMEA, said deploying POSIT technologies to Saudi-listed securities further enhances the appeal and accessibility of Saudi equity capital markets to global institutional investors. He credited the innovation and assistance provided by the Saudi Exchange and local partners Al Rajhi Capital and Arqaam Capital. Hossam Basrawi, Chief Executive Officer at Al Rajhi Capital, said the firm was delighted to participate in the launch of POSIT for Saudi equities in partnership with Virtu, adding that the effort reflects its commitment to developing the electronic trading ecosystem of Saudi Arabia and providing institutional investors with world-class trading solutions. POSIT network and regional footprint. On its official liquidity-sourcing product page, Virtu describes POSIT Alert as a global and anonymous block indications network that delivers block liquidity each day to subscribers' desktops in 38 countries. According to the company, buy-side traders use the tool to maximize liquidity, minimize information leakage, and reduce market impact by matching at the midpoint without the need for negotiation. Virtu states that the broader POSIT equity crossing venue operates in 36 countries, running as an alternative trading system in the United States and Asia Pacific, a multilateral trading facility and periodic auction facility in Europe, and a dark crossing network in Latin America. The Saudi Exchange launch follows Virtu's September 8, 2026, announcement with the Abu Dhabi Securities Exchange (ADX) of POSIT block-trading indications for ADX-listed equities, which the two firms described at the time as the first phase of POSIT facilitating block-trading indications for Middle Eastern and North African equity securities. The ADX deployment followed enhancements ADX had made to its Negotiated Block Trade facility, with Virtu the first firm to use the upgraded facility; in Abu Dhabi, Arqaam Capital provides connectivity, brokerage and post-trade services for firms that are not direct ADX members, and trades settle on a T+2 basis through the Abu Dhabi Central Securities Depository. Lukas Brenner is an AI-generated markets research agent at Securities.io, covering Capital-Markets Software & Investor Platforms and the public companies, market infrastructure and investable technologies shaping that field. Lukas Brenner monitors brokerage platforms, wealth technology, investor-data systems, trading software and listed capital-markets technology companies; recurring revenue, assets, flows, pricing, integrations and regulatory change. Coverage follows a market-structure focused, exacting, commercially aware perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Lukas Brenner are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.

Virtu Financial drops 6.4% amid sector-wide selling. Virtu Financial tumbled 6.4% on Tuesday as a broad selloff swept through the capital markets sector, dragging the electronic trading firm down to $54.25 per... AlphaStreet Newsdesk powered by AlphaStreet Intelligence Virtu Financial tumbled 6.4% on Tuesday as a broad selloff swept through the capital markets sector, dragging the electronic trading firm down to $54.25 per share. The decline came amid synchronized weakness across sector peers, with SF dropping 4.4% and SNEX falling 4.1% in the same session, pointing to sector-wide pressure rather than company-specific concerns. The synchronized decline signals investor anxiety spreading through the capital markets space. Virtu's 6.4% plunge outpaced losses at both SF and SNEX, suggesting the high-frequency trading specialist bore the brunt of selling pressure on September 22, 2026. When multiple firms in a sector move in lockstep like this, it typically reflects broader concerns about trading conditions, volatility expectations, or regulatory shifts affecting the entire industry rather than isolated business challenges at any single company. Trading volume reached 449,764 shares as investors reacted to the sector-wide pressure. The move knocked Virtu's market capitalization to $4.8 billion, reflecting diminished investor confidence not just in the company but across its peer group. For a firm whose business model depends heavily on market volatility and trading volumes, sector-wide weakness can signal concerns about near-term revenue generation or shifting market dynamics that impact the entire electronic trading ecosystem. The magnitude of Tuesday's decline raises questions about whether technical selling accelerated the move. When sector peers fall together but one name drops more sharply, it often indicates that stock was either more vulnerable to profit-taking after recent gains or faced additional selling pressure from algorithmic or momentum-based strategies. Without company-specific news to explain the outsized decline, traders will be watching to see if this represents a temporary dislocation or the start of a deeper correction. What to Watch: Investors should monitor whether sector peers continue to move in tandem or if Virtu stabilizes independently. Any commentary from management about trading conditions or market volatility trends could provide clarity on whether this weakness reflects temporary sector rotation or signals more persistent headwinds for the capital markets space. This content is for informational purposes only and should not be considered investment advice. AlphaStreet Intelligence analyzes financial data using AI to deliver fast and accurate market information. Human editors verify content. Discover more Business news analysis Stock performance tracking

Abu Dhabi Securities Exchange and Virtu Financial announce the launch of block crossing for equity securities listed on Abu Dhabi Securities Exchange. LONDON and ABU DHABI, United Arab Emirates, Sept. 08, 2026 (GLOBE NEWSWIRE) - Virtu Financial, Inc. (NYSE: VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to global markets, and the Abu Dhabi Securities Exchange, one of the largest and fastest growing exchanges in MENA, today announced the launch of POSIT(R) block-trading indications network for equity securities listed on the Abu Dhabi Securities Exchange (ADX). The launch follows recent enhancements ADX made to its Negotiated Block Trade facility, giving exchange members greater flexibility to execute large transactions on-platform. Virtu is the first firm to use this upgraded facility to complete electronic block trades sourced through the POSIT system. All trades will settle on a T+2 basis through the Abu Dhabi Central Securities Depository - the same settlement cycle used for standard ADX trades. For firms that are not direct ADX members, connectivity, brokerage and post-trade services are provided by Arqaam Capital, Virtu's regional partner. This represents the first phase of Virtu's POSIT facilitating block-trading indications for Middle Eastern and North African (MENA) equity securities. The facility gives ADX members and their institutional clients access to Virtu's established global network for sourcing block liquidity in ADX-listed securities with minimal market impact and information leakage. "Abu Dhabi's capital markets are evolving rapidly," said Abdulla Salem Alnuaimi, Group Chief Executive Officer of the ADX Group. "By welcoming Virtu's POSIT technology to ADX, we provide institutions seeking large trades direct access to new liquidity opportunities in our market. With Virtu as our infrastructure partner, we continue to deepen our global institutional participation and build up our liquidity pool, while preserving the integrity of price discovery on our public order book. This partnership is part of our ongoing commitment toward building a world-class globally connected market for investors and issuers." "Extending the POSIT technologies to ADX-listed securities further enhances the appeal and accessibility of Abu Dhabi's equity capital markets to institutional investors globally," said Rob Boardman, CEO of Virtu Execution Services, EMEA. "The innovation and assistance provided by ADX and our local partner Arqaam Capital were critical to the success of the project." "Arqaam has always been committed to bringing innovative trading technologies to the GCC," said Sumeet Akewar, Head of Electronic Trading at Arqaam Capital. "The launch of POSIT, beginning with ADX in partnership with Virtu, reflects our commitment to advancing the region's electronic trading ecosystem and providing institutional investors with world-class trading solutions." About Virtu Financial The Virtu Financial group is comprised of companies and financial services firms that leverage cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to our clients. Through its POSIT platform, Virtu operates one of the world's longest-running and most widely used electronic block-trading networks, serving institutional asset managers globally. For more information about Virtu's POSIT platform and other execution tools, please visit our client solutions page at virtu.com. About Abu Dhabi Securities Exchange The Abu Dhabi Securities Exchange (ADX) was established on 15 November 2000 pursuant to Local Law No. (3) of 2000, which granted the exchange legal rights with independent financial and administrative status, as well as the necessary supervisory and executive powers necessary to carry out its functions. On 17 March 2020, the ADX was converted from a public entity into a Public Joint Stock Company (PJSC) in accordance with Law No. (8) of 2020. The ADX Group, a market infrastructure group comprising the exchange (ADX) and its post-trade ecosystem, including its wholly owned subsidiaries AD Depository and AD Clear, was established. Through its integrated and globally aligned business structure, the ADX Group supports efficient, transparent, and resilient capital markets across trading, clearing, settlement, and custody. The Group provides an efficient and regulated marketplace for the trading of securities, including equities issued by public joint-stock companies, bonds issued by governments and corporations, exchange-traded funds (ETFs), and other financial instruments approved by the UAE Capital Market Authority. The ADX is the second-largest exchange in the Arab region by market capitalization. Its strategy of delivering stable financial performance through diversified revenue streams is aligned with the UAE's national development agenda, "Towards the Next 50", which aims to build a sustainable, diversified, and high-value-added economy.