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.
Securities and Exchange Commission unanimously approves a one-year programme, known as the transaction fee pilot, as part of a review of the ‘maker-taker’ trading system.
NYSE, Nasdaq, CME Group and Cboe Global Markets will close on 5 December to honour former President George H. W. Bush.
US regulator rules in favour of SIFMA’s challenge of its support in market data fee increases at Nasdaq and NYSE.
Peggy Sullivan has been acting as a consultant for Vela but has now been appointed chief of staff.