Douglas A. Cifu

Douglas A. Cifu (chief executive) discloses dealings in 3 companies, chiefly Virtu Financial, Inc., Independent Bank Group, Inc. and Marketaxess Holdings Inc. Between 29 January 2016 and 10 June 2026, the trades on record add up to 89 filings.

In open-market terms, that means 9 purchases worth €6.1M on one side and 21 sales worth €31.9M on the other. No amount is published for 1 filing, which the totals therefore leave out. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Besides market trades, the filings include 34 share grants and 22 option exercises.

Half of the purchases are above €753k and half below. Of 9 purchases, 2 formed part of a group of insiders buying within 30 days of each other. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase.

The latest filing, published on 12 June 2026, reports a share grant in Marketaxess Holdings Inc. The last purchase on record was published on 7 February 2024, which is 990 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.