Virtu Explains Why It Lost Money On Just One Trading Day In 6 Years

Zerohedge reports:

It has become the most laughed at chart in finance: every time anyone who has spent even a few days trading, looks at Virtu's public track record shown on the chart below and which represents one trading day loss in 6 years of flawless profitability, riotous laughter ensues as it confirms what everyone knows: the market has become a regulator-endorsed cesspool of HFT fraud, where the algos make all the money due to countless predatory and parasitic practice listed and explained here too many times to count, enabled further by a fragmented and broken market whose exchanges now break on a daily basis.

Nice video explanation!