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.
Tag: Order routing transparency
The order routing enigma
The majority of brokers do not provide the buy-side with full order routing transparency. Hayley McDowell asks whether the buy-side should be probing their brokers to find out where unfilled orders are being sent.