SEC hands ITG $12 million fine for disclosing information on client activity within POSIT to HFTs and misleading investors on how the dark pool operates.
Turquoise will remove its negative fee structure as of 1 November, as LSEG says buy-side support of transaction fee pilot in the US influenced the move.
US regulator rules in favour of SIFMA’s challenge of its support in market data fee increases at Nasdaq and NYSE.
Mary Schapiro was chair of the SEC from 2009 to 2012 and joined LSEG as a non-executive director in 2015.
Pamela Dyson will join the Federal Reserve Bank of New York next month as chief information officer.
Citi Match users were misled about HFTs operating in the dark pool for more than two years, according to the SEC.
Formerly Convergex, Cowen Execution Services submitted incomplete data due to coding errors, according to the SEC.
FINRA has fined Interactive Brokers for failing to comply with short selling rules between 2012 and 2015.
The US regulator says that Citi traders mismarked illiquid positions in proprietary accounts they managed, leading to $81 million loss.
Nasdaq and FINRA will increase reporting fees as costs of operating its trade reporting facility have risen 16% since 2012.