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Citi to close LavaFlow trading unit

Citigroup has decided to shutter an internal stock trading platform that was the subject of an SEC fine earlier this year

Citigroup has decided to shutter an internal stock trading platform that was the subject of a Securities and Exchange Commission fine earlier this year.

LavaFlow ECN, a Citi unit that operates a US-based alternative trading system for equities, was closed this week, according to a Citi spokeswoman.

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