Virtu Financial has launched its POSIT block-trading indications network for equity securities listed on the Saudi Exchange, extending the firm’s institutional liquidity services to the Middle East’s largest capital market. The expansion, announced September 28, 2026, adds 245 of the most liquid Saudi Exchange-listed securities to the platform, connecting Saudi investors with Virtu‘s global institutional trading network through regional partner Al Rajhi Capital.
- Securities added: 245 Saudi Exchange-listed equities
- Settlement cycle: T+2 through The Securities Depository Center Company (Edaa)
- Execution method: Saudi Exchange Negotiated Deals facility
- Regional partner: Al Rajhi Capital; connectivity partner: Arqaam Capital
The initiative leverages the Saudi Exchange’s fully electronic Negotiated Deals facility to complete block trades sourced through POSIT. Saudi Exchange members gain direct access to Virtu‘s global network, while non-member firms receive connectivity, brokerage, and post-trade services from Al Rajhi Capital. Aggregation capabilities enhance institutional workflows by allowing investors to source block liquidity more efficiently.
The integration of Saudi-listed securities into global institutional trading workflows reflects the continued evolution of the Saudi Capital Market and its increasing connectivity with international investors. At Saudi Exchange, we have consistently invested in market infrastructure, accessibility and efficiency, and we welcome developments that complement these efforts by providing institutional investors with additional ways to source liquidity and participate in our market.
– Mohammed Al-Rumaih, Chief Executive Officer, Saudi Exchange
Deploying POSIT technologies to Saudi-listed securities further enhances the appeal and accessibility of Saudi equity capital markets to global institutional investors. This initiative would have been impossible without the innovation and assistance provided by the Saudi Exchange and our local partners Al Rajhi Capital and Arqaam Capital.
– Rob Boardman, CEO of Virtu Execution Services, EMEA
Availability of block liquidity can lower the implementation cost of equity transactions, which benefits our clients, so we are pleased to use the new POSIT facility. This exciting development for the region speaks to the rapid evolution of the Kingdom’s market infrastructure and clearly demonstrates growing appeal of the Saudi market as a destination for capital and increased innovation in the market.
– Graham Sorrell, Head of EMEA & APAC Equity and Currency Trading, State Street Investment Management
At Al Rajhi Capital we value partnerships very highly. We are delighted to participate in the launch of POSIT for Saudi equities in partnership with Virtu. This effort reflects our commitment to developing the electronic trading ecosystem of Saudi Arabia and providing institutional investors with world-class trading solutions.
– Hossam Basrawi, Chief Executive Officer, Al Rajhi Capital
State Street Investment Management executed the first transaction on the platform, signaling institutional adoption. Virtu Financial operates one of the world’s longest-running electronic block-trading networks serving global asset managers.
Mohammed Al-Rumaih, Chief Executive Officer at Saudi Exchange. Source: LinkedIn
Rob Boardman, CEO of Virtu Execution Services, EMEA. Source: virtu.com
Graham Sorrell, Head of EMEA & APAC Equity and Currency Trading, State Street Investment Management. Source: LinkedIn
Hossam Basrawi, Chief Executive Officer at Al Rajhi Capital. Source: LinkedIn
