The US securities watchdog has extended the relief period to July 2023, after stating it needs more time to evaluate the impact of unbundling under MiFID II.
The SEC has voted to adopt a new framework to modernise rules for ETFs and reduce barriers to entry in the marketplace.
TMC Bonds, recently acquired by ICE, was found to have revealed client trading intentions to potential counterparties on its anonymous trading platform.
LP² four millisecond delay mechanism will be applied to the Cboe EDGA exchange to protect market makers from HFTs.
Kara Stein to join IEX board of directors after completion of term as SEC commissioner in January.
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
Michael Piwowar will work closely with the CEO at GTS and provide the business with legislative and regulatory advice.
Greenwich Associates survey finds most buy-siders see access to direct data feeds as essential, while the debate on exchange market data continues in the US.
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.