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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...

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Exclusive: 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...

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Clinton 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...

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Clinton 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...

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Luminex ‘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...

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Wall 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...

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BATS 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...

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SEC 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...

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SEC 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...

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ConvergEx 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...

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“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...

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Stock 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...

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Stock 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...

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Exclusive: 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...

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Citi 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...

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ITG 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...

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NYSE 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...

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ITG 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...

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BATS 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...

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ICE 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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