As dark pools move into the regulatory light, the real money is in aggregation, not in equity fragmentation.
Exchanges and ECNs Channel
Finra will regulate a pair of bourses in the Windy City, with 125 employees moving to the self-regulatory body starting January 1.
The hero of "Flash Boys" is no longer content to be an HFT-leveling dark pool - they want to be a full-fledged exchange.
The Alibaba IPO had an impact on the overall markets. According to TABB, the options market saw volume hitting a whopping 1 billion contracts in the third quarter.
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.