FCA estimates 3.5% of trades in dark pools reference ‘stale’ prices
Despite increasing stale pricing, FCA concludes the problem does not outweigh the benefits of using dark pools.
Trading Venues
Nasdaq NLX director departs for role at tech consultancy
Nasdaq NLX’s director of onboarding departs for role at technology consultancy firm, DataArt.
Plato outsources management to Delta Capita
Delta Capita is to oversee corporate governance, operations and management of the Plato Partnership.
Bats slams Nasdaq’s proposed data feed as attempt to increase revenues
Bats has urged the SEC to reject Nasdaq’s data feed proposal, claiming it is technically unnecessary, anti-competitive and unfounded.
Icap appoints new EBS BrokerTec chief
The appointment comes as Icap prepares to rebrand itself as an electronic trading and post-trade services provider.
Eris hires Barclays’ Stack to lead Europe push
Head of agency derivatives at Barclays Tim Stack departs to head up Europe for Eris Futures.
The Big Interview: Mark Hemsley
The Trade speaks to chief executive officer at Bats Europe, Mark Hemsley about whether his opinion on Brexit remains the same and the ensuing European block trading battle.
‘Turquoise Plato’ formed under new agreement
Turquoise issues first update on Plato Partnership since it was chosen as the preferred technology provider in July 2015.
Exchanges urge global approach to blockchain
WFE pushes for global approach to distributed ledger technology and seeks introduction of regulatory sandboxes.
Virtu struggling with swaps market making expansion
A slow up-take in electronic trading of OTC derivatives has hampered Virtu's ambitious market-making plans.