Citigroup to Pay $75 Million Penalty for Risk Practices

The Securities and Exchange Commission charged Citigroup with misleading investors about its exposure to subprime mortgage-related securities.

Direct Edge to Use Correlix for Monitoring Latency

Direct Edge, operator of the U.S’ newest stock exchanges, has picked a service of latency management firm Correlix to help it monitor, measure and analyze order and market data flows in real-time.

European Regulators Call for Consolidated Tape

Creation of a consolidated tape of post-trade data, greater oversight of broker-dealer crossing networks and faster delivery of data have emerged as three key recommendations of the Committee of European Securities Regulators on how the Markets in Financial Services Directive that has been in effect since 2007 should be revamped.

Chi-X Begins Operating in Japan

Chi-X Japan opened for business Thursday. The electronic trading venue operated by a Japanese subsidiary of Chi-X Global began trading in five very liquid, large stocks.

Japannext Securities Connects to Fidessa Network

Fidessa Group said it had connected its trading network to SBI Japannext Securities, operator of one of the leading Japanese proprietary trading systems.

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