BAML fined $42 million for ‘masking’ electronic order routing
BAML made agreements with HFT firms including Citadel Securities and Two Sigma to secretly route client orders.
BAML made agreements with HFT firms including Citadel Securities and Two Sigma to secretly route client orders.
Buy-side institutions are less reliant on brokers and other buy-side firms to route dark orders, opting for a more collaborative approach.