Market participants at TradeTech have agreed that trading volumes have failed to shift to lit venues under MiFID II, but the regulation has led to unintended positive developments in the form of periodic auctions.
Tag: Virtu Financial
Research says that buy-side firms spent over $1 billion on OMS and EMS last year, as Bloomberg leads list of primary platforms.
Market maker-operated systematic internalisers are winning market share now more than a year into the MiFID II regime.
Agency broker ITG has been acquired by Virtu Financial for $1 billion after confirming plans to merge late last year.
Virtu has obtained certain regulatory approvals for ITG takeover with completion of the deal expected in the first quarter this year.
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
A roundtable hosted by the SEC with high-profile market participants highlighted just how divided Wall Street and regulated exchanges are on the issue of market data and access to exchanges, writes Hayley McDowell.
XTX Markets joins Virtu Financial, Sun Trading and SSW Market Making as liquidity providers on Instinet’s SI aggregator platform.
Instinet adds to liquidity streaming partnerships implemented with Virtu Financial and Sun Trading last year, expanding liquidity coverage of stocks and ETFs.