Commentary

Tim Quast

Lava Cools As Citi Exits ECN Business

As dark pools move into the regulatory light, the real money is in aggregation, not in equity fragmentation.

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Do you expect more ECNs, like LavaFlow, or dark pools to close up due to regulatory pressure?



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Todd Anderson, Equity Securities, Minneapolis; Steve Carolus, GMST World Markets, Orlando; Tim Zaleski, Wm. V. Frankel, Jersey City; Karen Colledge, Canaccord Capital, Vancouver.


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