Algos can integrate on-demand auctions with access to the continuous markets.
Trade group says inconsistent and duplicative regulation is an aggravating factor.
Shift back to active may be underway.
Exchanges drive the bus of price discovery in U.S. equity markets.
Global brokerage bets big on US market.
Buy-side traders said new liquidity pools satisfy a need in the market.
Clients will have uninterrupted access to liquidity post-Brexit.
Liquidity challenges in fixed income shift market influence to institutional investors.
ICMA calls for European consolidated tape.