Market maker Virtu says has had no issues with IEX “speed bump”
NEW YORK, Nov 6 (Reuters) – High-speed electronic trading firm Virtu Financial on Friday expressed its support to regulators for upstart stock trading venue IEX Group, which has applied to become a...
View ArticleExclusive: BATS says IEX’s ‘Flash Boys’ speed bump is unfair
NEW YORK (Reuters) – Exchange operator BATS Global Markets on Tuesday said regulators should require upstart trading venue IEX Group to amend its application to become a registered stock exchange to...
View ArticleClinton courts left with promise to break up risky banks
By John McCrank NEW YORK/WASHINGTON, Oct 8 (Reuters) – U.S. Democratic presidential hopeful Hillary Clinton on Thursday called for the breakup of large banks that take excessive risks as part of a...
View ArticleClinton proposal calls for breakup of ‘too-big-to-fail’ banks
By John McCrank NEW YORK (Reuters) – U.S. Democratic presidential hopeful Hillary Clinton on Thursday introduced a plan to curb what she called Wall Street abuses, including a “risk fee” on the largest...
View ArticleLuminex ‘dark pool’ enlists 73 members ahead of trading launch
By John McCrank NEW YORK (Reuters) – Luminex Trading & Analytics LLC, the upstart private stock trading venue owned by nine large investment managers, said on Sunday it had signed up more than 70...
View ArticleWall Street says ready if Joaquin hits New York
By John McCrank NEW YORK (Reuters) – Wall Street has a new risk on its radar: Hurricane Joaquin. The Category 4 hurricane, now pummeling the Bahamas, is the first major storm to threaten the U.S. East...
View ArticleBATS says to pay ETF issuers to list products on its exchange
By John McCrank NEW YORK, Oct 1 (Reuters) – BATS Global Market Holdings Inc said on Thursday it would pay exchange-traded product issuers to list their products on its exchange as it attempts to become...
View ArticleSEC Commissioner calls for shining light on ‘dark pools’
By John McCrank By John McCrank (Reuters) – More transparency is needed in the U.S. stock market to help restore investor confidence and bring greater clarity as to how the market functions, a top...
View ArticleSEC fines high-speed trading firm Latour for rule violations
By John McCrank By John McCrank (Reuters) – The U.S. Securities and Exchange Commission said on Wednesday that Latour Trading LLC would pay more than $8 million to settle charges that the...
View ArticleConvergEx to close one of its two ‘dark pool’ trading venues
By John McCrank NEW YORK (Reuters) – ConvergEx Group LLC [BNYCG.UL] will close one of its two private stock trading platforms, or “dark pools,” as of Oct. 1, the agency-focused brokerage told clients...
View Article“Flash Boys” heroes at IEX file to become a U.S. stock exchange
By John McCrank Sept 16 (Reuters) – Upstart trading venue IEX Group said on Wednesday it filed to become a registered U.S. stock exchange and if approved by regulators, will begin operating as The...
View ArticleStock volatility, ETF rise drive rethink of post-flash crash U.S. rules
By John McCrank NEW YORK (Reuters) – U.S. regulators and stock exchanges are re-examining rules designed to ensure orderly trading in equities after investors fell afoul of them during a...
View ArticleStock volatility, ETF rise drive rethink of post-flash crash U.S. rules
By John McCrank NEW YORK, Sept 2 (Reuters) – U.S. regulators and stock exchanges are re-examining rules designed to ensure orderly trading in equities after investors fell afoul of them during a...
View ArticleExclusive: Citi aims to boost equities franchise amid industry shakeout
By John McCrank NEW YORK (Reuters) – Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the...
View ArticleCiti aims to boost equities franchise amid industry shakeout
By John McCrank NEW YORK, Aug 31 (Reuters) – Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make...
View ArticleITG dark pool volume fell by nearly half following record fine
By John McCrank By John McCrank (Reuters) – Volume in Investment Technology Group’s private stock trading venue fell by nearly half in the week-and-a-half after the brokerage disclosed it was near a...
View ArticleNYSE plan to update private data feed draws criticism from IEX
By John McCrank NEW YORK (Reuters) – Upstart stock trading venue IEX Group on Thursday criticized a plan by the New York Stock Exchange to give a more complete view of transactions executed on the...
View ArticleITG to pay record fine for ‘dark pool’ violations
By John McCrank Aug 12 (Reuters) – Brokerage firm Investment Technology Group agreed to pay $20.3 million to settle charges it ran a secret trading desk that profited off of confidential customer...
View ArticleBATS gets regulatory nod for second U.S. options exchange
By John McCrank NEW YORK, Aug 10 (Reuters) – BATS Global Markets said on Monday it has received regulatory approval to open its second U.S. options exchange, set to be launched on Nov. 2, as the...
View ArticleICE nears Singapore launch as profit tops views
By John McCrank Aug 5 (Reuters) – Intercontinental Exchange Inc reported a higher-than-expected quarterly profit on Wednesday, helped by increased market data and listing revenue, and said it plans to...
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