Trading innovator warns brokers face cull

US securities firms faces bleaker future, says Thomas Peterffy

Citadel moves on Automated Trading Desk

Purchase would expand hedge fund’s market-making operations

Sentient to open up AI fund

Group bets its AI programs can outsmart the market

EU near to ending CDS investigation

Brussels says it has won concessions from Markit and Isda

Competition and Markets Authority booklets

ICE’s $650m Trayport deal set for lengthy probe

UK Competition and Markets Authority likely to launch probe

SEC revives stock monitoring plans

Vast computer system to track $23tn share trading in real time

Tradition to launch collateral trading

Swiss interdealer broker sets sights on European repo market

Europe overhauls market definitions

High-frequency trading among terms set down as Mifid II moves closer

Job Moves: who is hiring and where

The latest job moves and coverage of people making the news in the world’s financial capitals

IEX asks for exchange approval on merit

Trading venue seeks SEC green light beyond broader trading debate

Bats copies industry trend with data push

US markets operator maps out long-term plans to investors

SEC extends test of investor safeguards

Move to fine-tune protection rules for times of market stress

FCA provides few answers with HFT study

UK markets regulators offer few conclusions on high-speed trading

Exchanges enjoy jump in derivatives trade

EM demand helps spur demand for derivatives on exchanges

SEC faces opposition to trading rules rejig

Exchanges and asset managers criticise moves to pave way for IEX

CME calls time on New York options floor

Closure at end of 2016 will leave group with only two trading pits

Direct Match hires ex-exchange chief

Start-up Treasury trading platform appoints William O’Brien

Investors doubt benefits of LSE-DB tie-up

Reduced margin and collateral could be offset by higher fees

Bats plans second attempt at IPO

Hopes that exchanges operator’s move will herald thaw in listings

Australia to end ASX clearing monopoly

Move axes hurdle to exchange’s participation in global mergers