A unit of Citigroup Inc has shut down one of its private stock trading venues, o...
FILE PHOTO: A Citibank sign on a bank branch in midtown Manhattan, New York, November 17, 2010. REUTERS/Mike Segar/File Photo
Citigroup Global Markets’ CitiCross alternative trading system ceased operations on April 30, according to a filing from the U.S. Securities and Exchange Commission. Last month Citi reported a 24 percent drop in equities trading revenue in the first quarter due in part to lower market volumes, pressuring the bank’s overall revenue.
Dark pools are electronic broker-run trading venues, and every big bank has one. They allow investors to trade shares without the trading data becoming available until after the trades happen, reducing the chance that others in the market will catch wind of the buyer’s or seller’s intentions and move the price against them.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Dark web markets selling drugs and stolen data dismantled amid raids, arrestsDark web markets are now 'being picked off one by one,' according to a top cybersecurity expert.
और पढो »
Mester makes rare call for use of policy rules amid broader Fed reviewThe Federal Reserve should give policy rules 'a more prominent role' i...
और पढो »
CVS closing 46 stores: See the list of struggling locations to be closedCVS Health is closing 46 of its stores, saying the locations were 'underperforming.'
और पढो »
Here's how to tap your home equity safelyHere's how to use your home as a source of cash.
और पढो »
And then there were three - Japan's shrinking pool of imperial heirsNow that Japan has a new emperor, Naruhito, its imperial family will be left wit...
और पढो »
Apple magic extends global equities' months-long rallyGlobal equities were higher on Wednesday, extending the global equity market ral...
और पढो »
Tesla Looks to Raise as Much as $2.3 Billion in Debt and EquityTesla is looking to raise as much as $2.3 billion through a bond sale and public offering of its shares, after a worse-than-expected quarter heightened concerns about the company’s cash on hand.
और पढो »