The IMC market making business at NYSE is being acquired by Citadel Securities as it looks to boost its presence on the stock exchange trading floor.
As part of the second phase of the reopening of the trading floor at NYSE, a subset of market makers will re-join the trading floor.
Court of Appeals have denied the SEC’s move to stop a review of its decision on market data fee increases by NYSE and Nasdaq.
The American options and equities trading floors at NYSE will open to a small number of personnel at the end of the month.
The NYSE will move to fully electronic trading from 23 March following the temporary closure of its equities and options trading floors.
Proposed changes in the US aim to expand the data distributed via SIPs and open the door to more producers of the consolidated data feeds.
Following intense debate among market participants on the extensive costs of market data, incumbent exchanges could soon have less power over the consolidated tape in the US.
LP² four millisecond delay mechanism will be applied to the Cboe EDGA exchange to protect market makers from HFTs.
IEX becomes first exchange operator to disclose its costs with the detailed report revealing incumbent exchanges are grossly marking up fees.
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.