US MARKET maker Virtu Financial is to shut its London office and relocate all its European trading operations staff to Dublin, it emerged yesterday.
The high frequency trader, which merged with fellow US trading outfit Madison Tyler in May 2011, will close its office on the edge of Hyde Park and slim down to a single European office based in Dublin, a source said.
The expanded Dublin office will combine all of Virtu’s European trading operations into a single unit, with further staff also relocated to offices in Singapore and the US.
The development, first reported by Private Equity News, will see around 30 staff relocate from London. Virtu has had a presence in Dublin since 2009.
It obtained the London office after its merger with Madison Tyler 18 months ago.