ConvergEx announced last week that it was euthanizing one of its two dark pools, VortEx. Guest commentator, Craig Viani, one of the dark pool's co-founders, muses about the passing of the ATS.
Exchanges and ECNs Channel
The worlds largest issuers of exchange- traded funds are holding talks with stock exchanges and market- makers to avoid a repeat of the issues that plagued ETFs during Aug. 24s market turmoil, according to five people with direct knowledge of the matter.
In today's guest commentary, David Weisberger looks back at the trading events of Aug.24 and wonders if this tough trading day was really as bad as the market crash of 1987 and does the market act its own self interest or the public's.
BATS Global has brought on two more veterans to help the exchange grow its market data and exchange-traded funds listings business, while two other firms add researchers to their ranks. See all this and more in today's edition of On the Move.
The two biggest exchange rivals are joining forces to push through a rule designed to curb trading that occurs off-board away from the public eye, according to a report in the Wall Street Journal.
OTC Markets is now providing REDI Technologies with real-time Level 1 and Level 2 NBBO trading data for distribution to the latter's buyside and sellside clients.
Canada's Omega ATS has opened its second trading venue in the Great White North -Lynx ATS. After receiving final approval and making all the tweaks and getting its trading technology in order, the new venue is officially open for business.
Nasdaq is on the precipice of changing the way some of its biggest customers trade on the bourse.
It's all but official now - BATS Global Markets and Direct Edge Holdings will become a unified company.
IntercontinentalExchange Group's Trade Vault Europe, its European trade repository, processed roughly 4.5 million trades across energy, agricultural commodities, metals, credit, interest rates and equity derivatives its first day.