Handful of secretive businesses including Jane Street and Citadel Securities have seized market share from the old guard
Regulators on watch as exchange closing auctions suck up daily share trading volumes
Consob issues combined €4.7mn fine against Optiver and Flow Traders after oilfield engineer’s botched 2022 capital raising
Investment banker left Wall Street lender in January and will become president of high-frequency trading firm
FT Alphaville’s main takeaways from the secretive trading firm’s bond prospectus
Citadel Securities attacks Devin Nunes after letter to Nasdaq raises concerns over naked short selling
Trading revenue for secretive New York firm rivals sums generated by Wall Street banks
Move by Alex Gerko’s market maker bucks trend among financial firms to outsource to Big Tech
New registration regime ‘is primarily about principal trading firms’, says chair of regulator
US regulator passes rule that will force some high-speed traders and hedge funds to register as dealers
Basis trade shows challenge for watchdogs is to understand hedge funds and prime brokers as symbiotic organisms
Machine-on-machine games
Lawsuit says market maker’s flawed system gave proprietary traders ‘nearly unfettered access’ to material data
Activity subsided in second quarter amid investors’ concern over banking turmoil
VERY
The lit liquidity erosion
Northwest Biotherapeutics claims Citadel Securities, Virtu and others drove down its share price
US regulator supports new rules to help increase resiliency in a market that underpins global financial system
Lenders line up to provide financing after volatility spurs profit gains for US equities trading house
SEC proposal requiring dealer registration would increase capital requirements and scrutiny
Gary Gensler’s plan to ‘do better for retail investors’ draws fire from brokers and trading firms
Principal trading firms would be forced to disclose positions and activity in $21tn industry
Gap between buying and selling prices widens as ‘liquidity has dried up’
Kenneth Griffin says a ban on the controversial practice would cut costs for the market maker
And who cares about payment for order flow?
