IntercontinentalExchange (ICE) plans to change some of the “absurd” practices on U.S. equity markets, reports ft.com. This includes rebates offered to market participants by some trading venues, says chief executive Jeff Sprecher.
Some of the recent missteps include Knight Capital’s trading error, and Facebook’s failed IPO.
Sprecher hopes bringing attention to these situations will result in solutions for market participants and regulators, adds ft.com.
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