GETCO Buys BofA Merrill's Market Making Unit
The significantly expands GETCO's market making operation and responsibilities on the NYSE, making it the designated market maker for nearly 650 companies and 850 securities on the exchange.
A High-Frequency Trader Fights Back
With European politicians threatening high-frequency trading as we know it through proposed regulations and inflammatory rhetoric that's hardening the public's negative view of the practice, at least one industry official appears to have had enough and is fighting back.
Pipeline Moves to Divest Milstream
Following a management shakeup, Pipeline acknowledges that buy-side customers are not comfortable trading in the Block Market ATS as long as Milstream, the controversial trading affiliate, is given access.
Pipeline's Bombshell Hurts All Dark Pools
Trust in dark pools takes a hit as the SEC charges Pipeline with filling customer orders via an affiliated trading entity rather than by matching them against other customer orders, as advertised.