When it comes to seeking liquidity under MiFID II, a survey of senior traders has found that periodic auctions and conditional order types are the most useful.
Jonathan Kellner appointed as chief executive of newly-formed exchange effective immediately.
XTX Markets joins Virtu Financial, Sun Trading and SSW Market Making as liquidity providers on Instinet’s SI aggregator platform.
Instinet adds to liquidity streaming partnerships implemented with Virtu Financial and Sun Trading last year, expanding liquidity coverage of stocks and ETFs.
Financial authorities in Asia and the US fined agency broker Instinet for several violations related to market access and trading systems.
Mark Kelley joins Instinet from Citigroup where he was lead analyst in the small and midcap internet group.
Traders will be able to trade RFQ on the Instinet BlockMatch trading venue alongside existing continuous, non-displayed and mid-point matching.