Regulatory Requirement (Tables)

9 Months Ended

Sep. 30, 2025

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Schedule of Regulatory Capital and Regulatory Capital Requirements

The regulatory capital and regulatory capital requirements of the Company’s U.S. subsidiary as of September 30, 2025 was as follows:


(in thousands)	Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital
Virtu Americas LLC	$	450,843	$	3,414	$	447,429

The regulatory capital and regulatory capital requirements of the Company’s U.S. subsidiaries as of December 31, 2024 was as follows:


(in thousands)	Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital
Virtu Americas LLC	$	455,678	$	1,532	$	454,146
RFQ-hub Americas LLC	602		9		593

The regulatory net capital balances and regulatory capital requirements applicable to the Company’s foreign subsidiaries as of September 30, 2025 were as follows:


(in thousands)	Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital
Canada
Virtu Canada Corp (1)	$	12,032	$	180	$	11,852


Ireland
Virtu Europe Trading Limited (1)	86,795		28,228		58,567
Virtu Financial Ireland Limited (1)	122,288		59,995		62,293
United Kingdom
Virtu ITG UK Limited	2,214		1,008		1,206
Asia Pacific
Virtu ITG Australia Limited	32,741		15,776		16,965
Virtu ITG Hong Kong Limited	7,485		522		6,963
Virtu ITG Singapore Pte Limited	800		174		626
Virtu Financial Singapore Pte. Ltd.	267,538		199,826		67,712
(1) Preliminary

The regulatory net capital balances and regulatory capital requirements applicable to the Company’s foreign subsidiaries as of December 31, 2024 were as follows:


(in thousands)	Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital
Canada
Virtu Canada Corp	$	12,327	$	174	$	12,153
Virtu Financial Canada ULC (1)	—		—		—
Ireland
Virtu Europe Trading Limited	57,834		26,359		31,475
Virtu Financial Ireland Limited	76,457		29,764		46,693
United Kingdom
Virtu ITG UK Limited	2,043		939		1,104
Asia Pacific
Virtu ITG Australia Limited	24,928		9,550		15,378
Virtu ITG Hong Kong Limited	5,392		426		4,966
Virtu ITG Singapore Pte Limited	1,120		166		954
Virtu Financial Singapore Pte. Ltd.	219,817		136,891		82,926
(1) Virtu Financial Canada ULC has resigned from membership with the Canadian Investment Regulatory Organization (“CIRO”) effective January 22, 2025, and its regulatory capital requirement as of December 31, 2024 was waived by CIRO.