Virtu Financial Announces New Notional Order Capabilities for 10b-18 Corporate Buyback Execution
Virtu Financial launched notional order execution capabilities for Rule 10b-18 corporate buyback programs, allowing clients to instruct execution based on a specified dollar value rather than a fixed share quantity. The functionality supports four algorithms—VWAP/TWAP, POV, FAN, and Covert—providing corporate issuers and broker-dealers with greater precision in managing total program spend.
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