BAML made agreements with HFT firms including Citadel Securities and Two Sigma to secretly route client orders.
The FCA has fined the BAML broker over £60,000 for creating a "false and misleading impression” of supply and demand.
Several hires have been made within the equities electronic execution sales team in a bid to boost Citi’s equities franchise.
It is the latest high profile appointment for Citadel Securities' European business after hiring JP Morgan's former EMEA head of equities trading.
Exchanges are looking to expand into more profitable
alternative business lines such as the index and market data business.
Neptune Networks now has 22 banks signed up to join its network for axe indications.
Clients were overcharged $7.8 million for clearing and exchange services, according to the CFTC.
BNP Paribas, Soc Gen, Credit Suisse and BAML among those involved with launch of new bond platform.
CME Group is seeing increased client interest in voluntary swaptions clearing.
UBS holds top spot in electronic and algorithmic European equity trading share this year.