Virtu Financial, Inc. has named Aaron Simons as its newChief Executive Officer. He will also join the company’s Board of Directors.Simons replaces Douglas Cifu, who will retire as CEO but remain an advisor tothe company.For the second quarter of 2025, Virtu Financial reported anet income of $293 million and total revenues of $999.6 million. AdjustedEBITDA was $369.4 million, and the company repurchased 1.7 million shares for$66.3 million. The Board declared a quarterly dividend of $0.24 per share,payable on September this year.Virtu Board Confirms Leadership Transition to SimonsThe appointment was announced by Virtu’s Board of Directors.Cifu, a co-founder of Virtu, has led the company since its early stages. He oversaw its growth through the acquisition of MadisonTyler, its public listing in 2015, and its later acquisitions of KCG and ITG.These deals expanded Virtu’s role in global market making and executionservices.You may find it interesting at FinanceMagnates.com: VirtuFinancial Introduces VTS for Sell-Side Brokers Following Tokyo Stock ExchangeIntegration.Served as Executive VP and CTO Simons has been with Virtu since 2008. He most recentlyserved as Executive Vice President and Chief Technology Officer. Before joiningthe company, he completed postdoctoral research in theoretical physics. At Virtu, he worked across trading and technology. As CTO,Simons managed the company’s technology systems and infrastructure. He also ledthe integration of systems following the acquisitions of KCG and ITG.Virtu Partners with Limina to Integrate PlatformsMeanwhile, VirtuFinancial has partnered with Swedish firm Limina to integrate theirplatforms, combining Virtu’s TradeOPS post-trade automation with Limina’scloud-based order and portfolio management system. The collaboration aims to streamline trading operations forbuy-side firms, reducing operational workload from order placement to tradesettlement. Swedish fund manager Cliens is the first client to adopt theintegrated service. The partnership addresses challenges from the industry’sshift to T+1 settlement and updated messaging standards.This article was written by Tareq Sikder at www.financemagnates.com.