Technology
Tower Research Capital follows Virtu in joining Fidessa systematic internaliser program.
Sell-Side
Virtu and Fidessa have entered into a liquidity agreement as MiFID II rules sweep the industry.
Trading Venues
Doug Cifu says Virtu is “the ultimate market making firm” following a 50% surge in trading income.
Regulation
Cboe Europe, the London Stock Exchange, Nasdaq and Aquis Exchange among voices supporting changes to MiFID II’s SI regime.
Data
Vela’s SI data hub offers price and best bid and offer feeds for liquidity across various venues.
Sell-Side
Virtu Financial in Ireland will register as an SI in Europe next year.
Fixed Income
Doug Cifu, CEO at Virtu, said BondPoint was better suited outside of the firm’s core operations.
Sell-Side
Liquidity streaming agreement follows similar partnership with Virtu Financial earlier this year.
Sell-Side
Virtu has trimmed headcount and shut down unprofitable businesses following its $1.4 billion KCG takeover.
Sell-Side
Changes to the provision of liquidity in Europe under MiFID II will see shift towards bilateral trading relationships.