# EDGAR Filing Document

**Accession Number:** 0001592386
**File Stem:** 0000950142-25-001710
**Filing Date:** 2025-6
**Character Count:** 21849
**Document Hash:** a8f113fdeb899476465b8ff246491552
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950142-25-001710.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0000950142-25-001710

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20250627

**EFFECTIVENESS DATE**: 20250627

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtu Financial, Inc.
- **CENTRAL INDEX KEY:** 0001592386
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 320420206
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288402
- **FILM NUMBER:** 251087593

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-418-0100

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**As filed with the Securities and Exchange Commission on June 27, 2025**

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549**

**FORM S-8** 

***REGISTRATION STATEMENT UNDER***

***THE SECURITIES ACT OF 1933***

 ****

**Virtu Financial, Inc.**

**(Exact name of Registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware**<br> (State or Other Jurisdiction<br> of Incorporation or Organization) | **32-0420206**<br> (I.R.S. Employer<br> Identification No.) |
| **1633 Broadway**<br> **New York, NY**<br> (Address of Principal Executive Offices) | **10019**<br> (Zip Code) |

---

**Virtu Financial, Inc. Second Amended and Restated 2015 Management Incentive Plan**

(Full title of the plan)

**Douglas A. Cifu**

**Chief Executive Officer**

**1633 Broadway**

**New York, NY 10019**

(Name and address of agent for service)

**(212) 418-0100**

(Telephone number, including area code, of agent of service)

***With copies to*:**

**John C. Kennedy, Esq.**

**David A.P. Marshall, Esq.**

**Paul, Weiss, Rifkind, Wharton & Garrison LLP** 

**1285 Avenue of the Americas** 

**New York, NY 10019-6064**

**(212) 373-3000 (Telephone)**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒ Accelerated filer ☐ <br> Non-accelerated filer ☐ Smaller reporting company ☐ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

Virtu Financial, Inc. (the "<u>Company</u>") has prepared this Registration Statement in accordance with the requirements of General Instruction E (Registration of Additional Securities) on Form S-8 under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), to register an additional 7,500,000 shares of its Class A common stock, par value $0.00001 per share, which is referred to as the Class A Common Stock, that are reserved for issuance upon exercise of options granted or in respect of awards to be granted under the Virtu Financial, Inc. Second Amended and Restated 2015 Management Incentive Plan. The contents of the Registration Statements on Form S-8 (Registration Nos. 333-203478, 333-219110, 333-248537 and 333-266473), filed with the Securities and Exchange Commission (the "<u>Commission</u>") on April 17, 2015, June 30, 2017, September 1, 2020 and August 2, 2022, respectively, and Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 (Registration No. 333-248537), filed with the Commission on November 6, 2020, are hereby incorporated by reference and made a part hereof.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. *Incorporation of Documents by Reference.***

The following documents filed with the Commission by the Company are incorporated by reference in this Registration Statement:

• The description of the Class A Common Stock set forth in the Company's Registration Statement on [Form 8-A](https://www.sec.gov/Archives/edgar/data/1592386/000095014225001603/eh250639881_8a12b.htm) filed pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the " <u>Exchange Act</u> ") on June 12, 2025, and any amendment or report filed for the purpose of updating any such description;

• The Company's Annual Report on [Form 10-K](https://www.sec.gov/Archives/edgar/data/1592386/000159238625000055/virt-20241231.htm) for the year ended December 31, 2024, filed with the Commission on February 21, 2025;

• The Company's Quarterly Report on [Form 10-Q](https://www.sec.gov/Archives/edgar/data/1592386/000159238625000080/virt-20250331.htm) for the quarter ended March 31, 2025, filed with the Commission on April 29, 2025;

• The Company's Current Reports on Form 8-K filed with the Commission on [February 28, 2025](https://www.sec.gov/Archives/edgar/data/1592386/000159238625000063/virt-20250226.htm) , [May 29, 2025](https://www.sec.gov/Archives/edgar/data/1592386/000159238625000086/virt-20250529.htm) (Item 3.01 only) and [June 3, 2025](https://www.sec.gov/Archives/edgar/data/1592386/000159238625000091/virt-20250602.htm) ; and

• The portions of the Definitive Proxy Statement on [Schedule 14A](https://www.sec.gov/Archives/edgar/data/1592386/000110465925037735/tm252433-1_def14a.htm) for the 2025 annual meeting of stockholders filed with the Commission on April 23, 2025, that are incorporated by reference in the Annual Report on [Form 10-K](https://www.sec.gov/Archives/edgar/data/1592386/000159238625000055/virt-20241231.htm) for the year ended December 31, 2024.

In addition, all reports and documents filed by us pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and made a part hereof from the date of the filing of such documents.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 8. Exhibits.**

---

| | |
|:---|:---|
| **Exhibit<br> No.** | **Description** |
| 4.1 | [Second Amended and Restated Certificate of Incorporation of Virtu Financial, Inc. (incorporated by reference from Exhibit 3.1 of Virtu Financial, Inc.'s Quarterly Report on Form 10-Q filed on July 28, 2023).](https://www.sec.gov/Archives/edgar/data/1592386/000159238623000053/exhibit31q223.htm) |
| 4.2 | [Amended and Restated By-laws of Virtu Financial, Inc. (incorporated by reference from Exhibit 3.2 of Virtu Financial, Inc.'s Quarterly Report on Form 10-Q filed on May 29, 2015).](https://www.sec.gov/Archives/edgar/data/1592386/000110465915042100/a15-8228_1ex3d2.htm) |
| 4.3 | [Virtu Financial, Inc. Second Amended and Restated 2015 Management Incentive Plan (incorporated by reference from Annex A to Virtu Financial, Inc.'s Definitive Proxy Statement on Schedule 14A filed on April 23, 2025).](https://www.sec.gov/Archives/edgar/data/1592386/000110465925037735/tm252433-1_def14a.htm) |
| 4.4 | [Form of Restricted Stock Unit and Common Stock Award Agreement (incorporated by reference from Exhibit 10.4 to the Company's Annual Report on Form 10-K filed on February 25, 2021).](https://www.sec.gov/Archives/edgar/data/1592386/000159238621000005/exhbit104q420.htm) |
| 5.1\* | [Opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP as to legality of the Class A Common Stock.](eh250646717_ex0501.htm) |
| 23.1\* | [Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm.](eh250646717_ex2301.htm) |
| 23.3\* | [Consent of Paul, Weiss, Rifkind, Wharton & Garrison LLP (contained in Exhibit 5.1).](eh250646717_ex0501.htm) |
| 24.1\* | [Power of Attorney (included on signature pages of this Registration Statement)](#a_001) |
| 107\* | [Filing Fee Table.](eh250646717_ex107.htm) |

---

\* Filed herewith

**SIGNATURES** 

Pursuant to the requirements of the Securities Act, Virtu Financial, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on June 27, 2025.

---

| | | |
|:---|:---|:---|
| **VIRTU FINANCIAL, INC.** | **VIRTU FINANCIAL, INC.** | **VIRTU FINANCIAL, INC.** |
| By: | /s/ Douglas A. Cifu | /s/ Douglas A. Cifu |
|  | Name: | Douglas A. Cifu |
|  | Title: | Chief Executive Officer |

---

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each individual whose signature appears below hereby constitutes and appoints each of Douglas A. Cifu, Cindy Lee, Joseph A. Molluso and Brett Fairclough, acting singly, his true and lawful agent, proxy and attorney-in-fact, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to (i) act on, sign and file with the Securities and Exchange Commission any and all amendments (including post-effective amendments) to this registration statement together with all schedules and exhibits thereto and any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, together with all schedules and exhibits thereto, (ii) act on, sign and file such certificates, instruments, agreements and other documents as may be necessary or appropriate in connection therewith, (iii) act on and file any supplement to any prospectus included in this registration statement or any such amendment or any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and (iv) take any and all actions which may be necessary or appropriate in connection therewith, granting unto such agents, proxies and attorneys-in-fact, and each of them, full power and authority to do and perform each and every act and thing necessary or appropriate to be done, as fully for all intents and purposes as he might or could do in person, hereby approving, ratifying and confirming all that such agents, proxies and attorneys-in-fact or any of their substitutes may lawfully do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act, this Registration Statement and Power of Attorney have been signed on June 27, 2025, by the following persons in the capacities indicated.

---

| | |
|:---|:---|
| Signature | Title |
| /s/ Douglas A. Cifu | Chief Executive Officer (Principal |
| Douglas A. Cifu | Executive Officer) and Director |
| /s/ Cindy Lee | Chief Financial Officer (Principal |
| Cindy Lee | Financial and Accounting Officer) |
| /s/ Michael T. Viola | Chairman of the Board of Directors |
| Michael T. Viola |  |
| /s/ Vincent Viola | Chairman Emeritus and Director |
| Vincent Viola |  |
| /s/ William F. Cruger, Jr. | Director |
| William F. Cruger, Jr. |  |

---

---

| | |
|:---|:---|
| /s/ Virginia Gambale | Director |
| Virginia Gambale |  |
| /s/ Joseph J. Grano, Jr. | Director |
| Joseph J. Grano, Jr. |  |
| /s/ Joanne M. Minieri | Director |
| Joanne M. Minieri |  |
| /s/ John D. Nixon | Director |
| John D. Nixon |  |
| /s/ Christopher C. Quick | Director |
| Christopher C. Quick |  |
| /s/ David Urban | Director |
| David Urban |  |

---

## Exhibit 5.1

**EXHIBIT 5.1**

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019-6064

June 27, 2025

Virtu Financial, Inc.<br> 1633 Broadway

New York, New York 10019<br>

Ladies and Gentlemen:

We have acted as special counsel to Virtu Financial, Inc., a Delaware corporation (the "Company") in connection with the Registration Statement on Form S-8 (the "Registration Statement") of the Company, filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the "Act"), and the rules and regulations thereunder (the "Rules"). You have asked us to furnish our opinion as to the legality of the securities being registered under the Registration Statement. The Registration Statement relates to the registration under the Act of 7,500,000 shares (the "Shares") of the Company's Class A common stock, par value $0.00001 per share, that are reserved for issuance under the Virtu Financial, Inc. Second Amended and Restated 2015 Management Incentive Plan, as amended (the "Plan").

In connection with the furnishing of this opinion, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (collectively, the "Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the Plan and the forms of award agreements (each, a "Plan Agreement") relating to awards that may be granted under the Plan from time to time.

In addition, we have examined (i) such corporate records of the Company that we have considered appropriate, including a copy of the certificate of incorporation, as amended, and by-laws, as amended, of the Company certified by the Company as in effect on the date of this letter, and copies of resolutions of the board of directors of the Company relating to the issuance of the Shares, certified by the Company and (ii) such other certificates, agreements and documents that we deemed relevant and necessary as a basis for the opinions expressed below. We have also relied upon the factual matters contained in the representations and warranties of the Company made in the Documents and upon certificates of public officials and the officers of the Company.

In our examination of the documents referred to above, we have assumed, without independent investigation, the genuineness of all signatures, the legal capacity of all individuals who have executed any of the documents reviewed by us, the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as certified, photostatic, reproduced or conformed copies of valid existing agreements or other documents, the authenticity of all the latter documents and that the statements regarding matters of fact in the certificates, records, agreements, instruments and documents that we have examined are accurate and complete.

Based upon the above, and subject to the stated assumptions, exceptions and qualifications, we are of the opinion that the Shares have been duly authorized by all necessary corporate action on the part of the Company and, when issued, delivered and paid for in accordance with the terms of the Plan and any applicable Plan Agreement, the Shares will be validly issued, fully paid and non-assessable.

The opinion expressed above is limited to the General Corporation Law of the State of Delaware. Our opinion is rendered only with respect to the laws, and the rules, regulations and orders under those laws, that are currently in effect.

We hereby consent to use of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not thereby admit that we come within the category of persons whose consent is required by the Act or the Rules.

---

| |
|:---|
| Very truly yours, |
| /s/ PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP |
| PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP |

---

## Exhibit 23.1

**EXHIBIT 23.1**

![](pwc_logo.jpg)

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Virtu Financial, Inc. of our report dated February 21, 2025 relating to the financial statements, and the effectiveness of internal control over financial reporting, which appears in Virtu Financial Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024.

/s/ PricewaterhouseCoopers LLP<br> New York, New York****<br> June 27, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Virtu Financial, Inc.**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | Class A Common Stock issuable upon exercise of options granted or in respect of awards granted under the Second Amended and Restated 2015 Management Incentive Plan | Other | 7500000 | $42.205 | $316537500.00 | 0.0001531 | $48461.89 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $316537500.00  |  | $48461.89  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $48461.89  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Represents 7,500,000 shares of Class A common stock, par value $0.00001 per share (the "Class A Common Stock") of Virtu Financial, Inc. (the "Company") that are reserved for issuance upon exercise of options granted or in respect of awards to be granted under the Virtu Financial, Inc. Second Amended and Restated 2015 Management Incentive Plan (the "Plan"). Pursuant to Rule 416 of the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement on Form S-8 also includes additional shares of Class A Common Stock in respect of the securities identified in the above table that may become issuable through the Plan by reason of any stock dividend, stock split, recapitalization or similar adjustments. Estimated for the purpose of calculating the registration fee in accordance with Rules 457(c) and 457(h) under the Securities Act, based on the average of the high ($42.77) and low ($41.64) prices of the Class A Common Stock reported on the New York Stock Exchange on June 23, 2025.