Virtu postpones marketing launch of IPO

|About: Virtu Financial, Inc. (VIRT)|By:, SA News Editor

Virtu Financial (VIRT) has reportedly delayed marketing its IPO until at least April 20 amid increasing controversy over high-frequency trading (HFT).

Virtu had expected to start marketing its IPO this week.

The postponement comes after Michael Lewis accused HFT firms of rigging the market in a new book called "Flash Boys," while the FBI has disclosed that it's investigating the sector. The SEC, which still needs to approve Virtu's IPO filing before the firm can start the marketing process, is also probing HFT companies.