Fitch affirmed the BB- long-term issuer default ratings of Virtu Financial LLC and unit VFH Parent LLC.

Also affirmed were VFH's senior secured term loan at BB- and second-lien notes at B+, which were issued in connection with Virtu's acquisition of KCG Holdings in July 2017.

The outlook on the ratings is stable.

The ratings reflect the company's established market position, good historic operating performance, scalable business model and experienced management team, among other things.