New SEC rules aim to help manage the risks of holding illiquid investments.
The first client-cleared trades were included in a compression cycle this month.
Non-bank institutions will increasingly become providers of market liquidity.
Asia Pacific said liquidity has improved in recent years
Icap’s acquisition of Abide Financial highlights the changing landscape
MiFID II requires pre- and post-trade data to be published as soon as possible after execution.
The SEC is facing more pressure to repair Reg NMS