Virtu Financial, Inc. (NASDAQ:VIRT) Q3 2022 Results Conference Call November 3, 2022 7:30 AM ET

Company Participants

Andrew Smith - Head, Investor Relations

Douglas Cifu - Chief Executive Officer

Joseph Molluso - Co-President and Co-Chief Operating Officer

Sean Galvin - Chief Financial Officer

Cindy Lee - Deputy Chief Financial Officer

Conference Call Participants

Rich Repetto - Piper Sandler

Chris Allen - Citi

Ken Worthington - JPMorgan

Daniel Fannon - Jefferies

Alex Blostein - Goldman Sachs

Operator

Good morning, and thank you for joining the Virtu Financial 2022 Third Quarter Results. [Operator Instructions] Please note that this conference call is being recorded and will be available on the company's website for replay shortly.

And now I will turn the call over to Andrew Smith.

Andrew Smith

Thank you, Rita, and good morning, everyone. Thank you for joining us. Our third quarter results were released this morning and are available on our website. On this morning's call, we have Mr. Douglas Cifu, our Chief Executive Officer; Mr. Joseph Molluso, our Co-President and Co-Chief Operating Officer; Mr. Sean Galvin, our Chief Financial Officer; and Ms. Cindy Lee, our Deputy Chief Financial Officer.

We will begin with prepared remarks and take your questions. First, a few reminders. Today's call may include forward-looking statements, which represent Virtu's current beliefs regarding future events and are therefore subject to risks, assumptions and uncertainties, which may be outside the company's control. Please note that our actual results and financial conditions may differ materially from what is indicated in these forward-looking statements.

It is important to note that any forward-looking statements made on this call are based on information presently available to the company, and we should not undertake to update or revise any forward-looking statements as new information becomes available.

We refer you to disclosures in our press release and encourage you to review the description of risk factors contained in our annual report, Form 10-K and other public filings. During today's call, in addition to GAAP measures, we may refer to certain non-GAAP measures, including adjusted net trading income, adjusted net income, adjusted EBITDA and adjusted EBITDA margins. These non-GAAP measures should be considered as supplemental to and not as superior to financial measures as reported in accordance with GAAP.

We direct listeners to consult the Investor Relations portion of our website, where you'll find additional supplemental information referred to on this call as well as reconciliation of non-GAAP measures to the equivalent GAAP term in the earnings materials with an explanation of why we deem this information to be meaningful, as well as how management uses these measures.