The_Night_Execut⭕️r🦅

As it relates to Virtu Financial, Doug Cifu is actually nothing more than a figurehead for the infamous market maker. Looking further into Virtu's recently filed quarterly report, we learn that the actual decision-making and direction lies with Vincent Viola. "The Founder Post-IPO Member controls approximately 86.5% of the combined voting power of our outstanding common stock as of December 31. 2023". So, who is Mr. Viola, anyways? According to Virtu's own website, Vincent Viola is listed as "Vincent Viola , Founder, and Chairman Emeritus". Looking even further still, between Virtu's website, Financial Times, New York Times, and PitchBook, we learn more about "Mr. Viola": • President of the Viola family’s private investment office • "...one of the nation's foremost leaders in electronic trading" • Former Chairman of the New York Mercantile Exchange (NYMEX) • Member of the board of directors of Independent Bank Group, Inc • "...also served on the board of a family-founded nonprofit organization focused on Catholic education initiatives in inner-city communities" • "Mr Viola’s long-time relationship with Gary Cohn, Goldman Sachs chief operating officer, helped the investment bank score its role as the lead underwriter for the offering. It will be joined by JPMorgan Chase, Sandler O’Neill and a handful of others on the deal. The company is planning to list on Nasdaq, using the symbol “VIRT” • "...a founder of Madison Tyler Holdings, LLC" • Lived a couple blocks from Jeffrey Epstein, according to the New York Times • Came under fire in Michael Lewis's Flash Boys • "...was accused...of punching a concessions worker in the face at a high-end racehorse auction" So, why does this matter? Virtu's Financial recent quarterly filing tells us that Vincent Viola: • "...has the ability to substantially control [Virtu]..." • "...the concentration of voting power with [Mr.Viola] may have a negative impact on the price of our Class A Common Stock" • " [Mr. Viola's] interests may not be fully aligned with yours [the investor], which could lead to actions that are not in your best interest" ----- TLDR: While Doug Cifu parades around Wall Street and social media as the c0ck of the walk, the actual power in Virtu lies with a Wall Steeet well-to-do hockey team owner who allegedly punches concession workers in the face; Vincent Viola. In conducting his duties as Founder, and Chairman Emeritus, Mr. Viola's 86.5% voting rights, give him nearly autonomous influence that can negatively impact the value of Virtu's stock, and his decisions so not need to align with investors, so much so that it may not be in their best interests. ----- ..."probably nothing!" ----- Virtu Financial Form 10-K for the Fiscal Year Ended December 31, 2023: d18rn0p25nwr6d.cloudfront.ne… Virtu Financial - Person Details for Vincent Viola: ir.virtu.com/corporate-gover… April 8, 2021 The New York Times article: nytimes.com/2021/04/02/reale… January 18, 2017 The New York Times article: nytimes.com/interactive/2017… March 10, 2014 Financial Times article: ft.com/content/18454592-a8a6…

DTCC's FICC issuing important service updates to the participants of its Government Securities Division (GSD), Mortgage-Backed Securities Division (MBSD), and Depository Trust Company (DTC). DTCC is opening suggestions for participants director nominees from participants of DTC, NSCC and FICC. "Individuals who are nominated and elected to the Board of DTCC also will be elected to the Boards of DTC, NSCC and FICC" DTCC's participants will have until March 15, 2024 to provide their suggestions, and election of the Board of Directors of DTCC will take place at Annual Meeting of Shareholders of The Depository Trust & Clearing Corporation (“DTCC”), which will be held on or around May 29, 2024. TLDR: DTCC--a post-trade financial services company that provides clearing and settlement services to the financial markets--is opening up nominations for the Board of Directors of the DTCC, which ultimately means the Boards of the DTC, NSCC and FICC, as well, from its participants. Translation: DTCC is looking to its participants--banks, government agencies, broker-dealers, hedge funds, market-makers, etc--for recommendations on who should be on its board, which governs the DTCC. DTCC's shareholders--who are also collectively owners of the DTCC--will ultimately decide who goes on the board of the DTCC. DTCC shareholders are clearing agency participants, who are required to buy DTCC common shares to create relationship between the agency, participants, affiliates, & owners. ELI5: DTCC is responsible for clearing and settling of most securities transactions, and is run by regulators, banks, finance service companies, market makers, and more. These same entities that use the DTCC essentially run the DTCC as well, as they are shareholders of the DTCC; meaning they are ultimately owners of the DTCC. These same entities are who are owners of the DTCC essentially determine who goes onto DTCC's board, which runs the DTCC. (....wash, rinse, repeat) ----- ..."probably nothing!" ----- For more information on DTCC and its subsidiaries, see the entirety of the attached thread. ----- FICC - GOV Service Updates - Nominations to the Board of Directors of The Depository Trust & Clearing Corporation: dtcc.com/-/media/Files/pdf/2… FICC - MBS Service Updates - Nominations to the Board of Directors of The Depository Trust & Clearing Corporation: dtcc.com/-/media/Files/pdf/2… FICC - DTC Service Updates - Nominations to the Board of Directors of The Depository Trust & Clearing Corporation: dtcc.com/-/media/Files/pdf/2…