More flexibility and remote working is here to stay, Lab49's Kenan Maciel writes.
Last October, managers told an employee in Barclays Plcs trading unit to keep from clients a report showing the bank routed most of their dark pool orders to itself, according to the New York attorney general.
A Citi survey shows market participants believe that shorter settlement cycles will become reality.
State Street Corp., the second- biggest provider of exchange-traded funds, plans to introduce its first actively managed stock ETFs in partnership with MFS Investment Management.
The Securities and Exchange Commission warned brokers they must ensure they're meeting their best-execution obligations by accessing both displayed and non-displayed liquidity for clients. This reminder comes in light of buyside concern over the fragmentation of non-displayed liquidity. Erik Sirri, director of the SEC's Division of Trading and Markets, said in February, "We look to brokers in general to solve the problem of fragmentation...on behalf of customers."Sirri informed brokers that "blindly following routing strategies that may have worked in the past but no longer fit the current market structure is not an appropriate best-execution approach."