Virtu Financial, Inc. (NASDAQ:VIRT) today reported its financial results for the third quarter ended September 30, 2021.

Total revenues decreased 17.0% to $544.3 million in the third quarter of 2021, due primarily to lower trading volumes in U.S. equities coupled with the prior year quarter gain on the sale of MATCHNow, compared to $656.1 million for the same period in 2020.

Trading income, net, decreased 10.7% to $394.3 million for this quarter, compared to $441.3 million for the same period in 2020.

Net income totaled $123.1 million in the third quarter of 2021, compared to net income of $199.7 million in the prior year quarter.

Basic and diluted earnings per share for this quarter was $0.59, compared to a basic and diluted earnings per share of $0.92 for the same period in 2020.

Adjusted Net Trading Income decreased 2.2% to $354.4 million for this quarter, compared to $362.3 million for the same period in 2020. Adjusted EBITDA decreased 15.3% to $210.7 million for this quarter, compared to $248.7 million for the same period in 2020.

As of September 30, 2021, Virtu had $754.3 million in cash, cash equivalents and restricted cash, and total long-term debt outstanding in an aggregate principal amount of $1,631.3 million.

Since inception of the Share Repurchase Program in November 2020, Virtu repurchased approximately 13.4 million shares of Class A Common Stock and Virtu Financial Units for approximately $361.4 million. Including the additional $750 million authorization from Virtu Financial Inc’s Board of directors, the company has approximately $858.6 million remaining capacity for future purchases of shares of Class A Common Stock and Virtu Financial Units under the program.