Bats has urged the SEC to reject Nasdaq’s data feed proposal, claiming it is technically unnecessary, anti-competitive and unfounded.
CEO says SEC did not carry out responsibility, as the exchange launches extended life orders in response to IEX’s speed bumps.
The Exchanges have been working together on initiatives aimed at improving LULD and trading pause rules from the SEC.
Nasdaq technology solutions and market technology see combined 37% increase that drove total sales to record $559 million.
Nasdaq wants to initiate global conversation on how blockchain can improve industry processes.
Portfolio compression is widely being adopted across the industry to reduce their capital requirements.
The ISE's market share had fallen from 28% in 2007 to 14% last month.
Credit Suisse analysts speculate Nasdaq could be the next target as global exchange groups look to bulk up amid intense competition.
Two-year partnership between Borsa Istanbul and Nasdaq bears fruit as first phase of technology platform goes live.