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Cboe

‘Exchanges owe us answers’ says IEX as it discloses market data and connectivity costs

Investors Exchange (IEX) has publicly disclosed its costs of producing market data and connectivity, suggesting that incumbent exchanges could be marking up charges for such services by as much as 4,000%.

Cboe veteran Chris Concannon departs for COO role at MarketAxess

SEC approves controversial transaction fee pilot for stock exchanges

The US securities regulator has approved a controversial pilot scheme that would see major restrictions on pricing across the biggest stock exchanges.

The Securities and Exchange Commission (SEC) unanimously approved the one-year programme, known as the transaction fee pilot, as part of a review of the ‘maker-taker’ trading system, which typically provides a rebate to traders adding liquidity to an order book, with an access fee then charged when liquidity is removed.

EU regulator seeks further evidence on concerns auction systems evade MiFID II rules

Cboe and LSEG see record month for block trading activity