Aquis counts growing cross-industry participation on SI connectivity hub
Aquis Market Gateway launched in January 2018 now counts SIs including Jane Street, Citadel Securities and Tower Research Capital as users.
Aquis Market Gateway launched in January 2018 now counts SIs including Jane Street, Citadel Securities and Tower Research Capital as users.
Market maker-run systematic internalisers are bedding in to market structures but transparency concerns are still lingering.
Market maker-operated systematic internalisers are winning market share now more than a year into the MiFID II regime.
Panelists at TradeTech FX USA agreed that the buy-side has a better grasp on how algos operate, but less so about the underlying liquidity.
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
Broker-dealers have been fined a combined $6 million for submitting inaccurate blue sheet data to the Securities and Exchange Commission.
As the industry continues to adapt following the implementation of MiFID II, Hayley McDowell sits down with Ben Springett from Jefferies, Matthew McLoughlin of Liontrust & Jonathan Finney from Citadel Securities, to discuss how the buy-side and brokers are interacting with market maker systematic internalisers.
TradeTech keynote panel discussion suggests the buy-side is becoming more comfortable interacting with systematic internalisers.
Jonathan Finney was hired earlier this month as a director of European business development in a newly created position.