Data and connectivity at Nasdaq could take a hit following merger as the exchange assesses full impact on revenues.
CEO at Virtu, Doug Cifu, said MiFID II means the buy-side need an execution only agency.
KCG accepts offer from Virtu Financial following unsolicited bid earlier this year.
KCG has confirmed the receipt of the offer from Virtu and is reviewing it with financial and legal advisors.
Market making revenues outside of US equities has declined 60% since the first quarter of 2016.
KCG sells shares in bats Global as part of agreement with General Atlantic.
Best execution regulation under MiFID II has left many scratching their heads. Hayley McDowell explores whether it can ever be achieved and looks into the role technology can play in helping set up a process.
Bloomberg’s TSOX and AIM tool users will gain access to KCG BondPoint’s credit and municipal bond liquidity pool.
CEO at KCG Europe, Philip Allison, speaks to The TRADE about the recent acquisition of Neonet, its strategic push into Europe and managing conflicts of interest as a market maker and agent…
Neonet purchase will help KCG expands its footprint in continental European markets.