Yet another ding for big banks from regulators and law enforcement for their off-exchange trading venues.
The bank is in 12th place for trade volume in its off-exchange venue according to data released today. Before the suit, it was second.
“I hope other exchange operators will follow my lead, I’d like to get us all together,” said Jeffrey Sprecher during a Senate Banking Committee hearing Tuesday.
“The current market structure is not fundamentally broken, let alone rigged,” SEC chair Mary Jo White said today in a speech.
The “dark pool” that starred in Michael Lewis’s best seller has the 13th most shares traded of any alternative stock trading venue.
“In the financial sector, concerns have been raised recently about a practice called ‘high-frequency trading,’” Eric Holder told Congress.
Lewis and an IEX representative denied the claim. A source who received the email passed it along to BuzzFeed.
Wing Chau helped set up investment products at the heart of the financial crisis. SEC says he compromised his “independent judgment as collateral manager” in order to help a hedge fund profit from the failure of CDOs he arranged.
Turney Duff’s new memoir is supposed to be a “mesmerizingly immersive journey through Wall Street’s hidden terrain.” But we’ve read it all before.
Obama reveals what it’s like to sleep at 1600 Pennsylvania in an interview with Michael Lewis in October’s Vanity Fair.
Liar’s Poker author Michael Lewis weighs in on the financial fallout.
Michael Lewis, author of the consummate Wall St. best seller, Liar’s Poker, argues that golf is not a sport, and Tiger Woods, not an athlete.
Read More ›