Fidelity Management & Research Co. and State Street Global Advisors Inc. are among the first investment management firms to join a committee whose purpose is to establish a standard protocol for communications among buy- and sell-side firms. The committee intends to develop a uniform messaging format which would support equity trading, including indications of interest, order routing, price quotes, confirmations and execution reports.
The members were motivated by a desire to retain control
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails