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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

From an EU perspective, the European Securities and Markets Authority (ESMA) re-addressed its tick size regime in 2018 to combat concerns that Brexit will leave trading venues in the EU at a competitive disadvantage. According to 606 reports gathered by the SEC, Citadel Securities forked out $2.6

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The 20 greatest trading innovations

The TRADE

In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange. However, DMA is the process of directly connecting electronically to an exchange in order to trade on exchange securities without using a broker or intermediary.

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