ICE sees trading and clearing decline in first quarter
Trading and clearing revenues down as data and listings business drives growth across business.
Trading and clearing revenues down as data and listings business drives growth across business.
Daily value traded record up 14% from previous record set in February this year.
Data and connectivity at Nasdaq could take a hit following merger as the exchange assesses full impact on revenues.
Despite a rough quarter for its capital markets business, LSEG’s other key business lines all saw good growth.
Conditional order type will enable buy-side to take advantage of block trading under the large-in-scale waiver.
Both parties will bring best execution TCA and surveillance under one roof for users.
CEO at Virtu, Doug Cifu, said MiFID II means the buy-side need an execution only agency.
KCG accepts offer from Virtu Financial following unsolicited bid earlier this year.