Citi Match users were misled about HFTs operating in the dark pool for more than two years, according to the SEC.
Tag: Dark pools
Nasdaq and FINRA will increase reporting fees as costs of operating its trade reporting facility have risen 16% since 2012.
ITG said in its second quarter earnings report that the SEC is investigating POSIT and could hand the broker a $12 million fine.
SEC approves amendment which will require dark operators to disclose information for greater transparency and regulatory oversight.
Only 26% of traders believe dark liquidity will shift towards lit venues under MiFID II regime in Europe.
Bans will be implemented over a six month period, effective from 13 April, but capped instruments remain available for trading under LIS waiver.
Have trading volumes moved onto lit venues following MiFID II’s restrictions on dark trading and the rise of systematic internalisers? Hayley McDowell examines.