Virtu Shifting Workers to Florida as Pandemic Reshapes Wall Street

The video discusses the trend of financial firms, like Virtue, moving operations to Florida due to the pandemic. This shift is part of a broader trend accelerated by the pandemic, allowing firms to operate remotely and reduce their presence in expensive cities like Manhattan. The video also highlights other firms considering Florida for its tax benefits and quality of life. Recruitment strategies include virtual work and tapping into local universities.

What is one of the main reasons Virtue is moving workers to Florida?

• To increase office space in Manhattan

• To reduce operational costs

• To expand their business in Europe

• To improve public transportation access

Which financial firm is considering moving its wealth management operations to Florida?

• Citadel

• Elliott Management

• Goldman Sachs

• Virtue

What is a significant advantage of relocating to Florida mentioned in the transcript?

• No personal income tax

• Better public transport

• Higher salaries

• Proximity to international markets

How are firms planning to recruit workers in Florida?

• By offering stock options

• By recruiting from local universities

• By providing free housing

• By offering higher salaries than in New York

What lifestyle change is influencing people to move to Florida during the pandemic?

• Interest in cultural activities

• Need for better public transport

• Preference for urban living

• Desire for more space at home