Thomson Reuters will provide its market and reference data to APA and ARM services at Trax, as well as the SI determination tool.
Tag: SI regime
Virtu Financial CEO Doug Cifu outlines growth of its systematic internaliser and targets further growth of the service in Europe.
Virtu and Fidessa have entered into a liquidity agreement as MiFID II rules sweep the industry.
Potential loophole within the systematic internaliser regime under MiFID II has been source of controversy for months.
Industry estimates on the number of registered systematic internalisers suggests the market will see fragmentation increase severely.