Former Trading and technology editor

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.

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

Tim Cave

Citigroup

Barclays

Deutsche Bank

Credit Suisse

Goldman Sachs

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

Wall Street bets big on stablecoins: ‘Circle IPO proved that point’

Izzy Englander’s Millennium hits $14bn valuation amid talks over minority stake sale

Who is JPMorgan’s new UK private banking boss?

https://images.fnlondon.com/im-46763652?size=0.7

Maricé Brown is ‘JPMorgan through and through’ but is an unfamiliar name in the City

https://images.fnlondon.com/im-29422209?size=1

Jugakalpa Das’ six-member pod will start trading for Sumo in July

Morgan Stanley taps former BlackRock executive for UK board role

https://images.fnlondon.com/im-08432995?size=1.5

Anna Khazen joins the Wall Street bank’s international arm

The required capital increase will be achievable for the banking giant and shouldn’t excessively reduce its shareholder distributions, the Swiss National Bank said.

Switzerland’s New Capital Rules Will Be Feasible for UBS, Central Bank Says

The rise in U.S. tariffs announced in early April would have a significant impact on economic growth over coming years, the central bank said in its quarterly outlook.

Irish Central Bank Warns U.S. Policy Could Lead to Slower Growth, Higher Debt

Irish Central Bank Warns U.S. Policy Changes Could Lead to Slower Growth, Higher Debt

Nonbank lenders like Affirm are cultivating stables of large financing partners to ensure they have sufficient capital to lend, even when public debt markets freeze up.

Prudential Unit Lends $500 Million in Private Credit to Affirm 

Issuers of digital currencies need Treasury bills for their reserves, but analysts say the consequences are uncertain.

Stablecoin Legislation Will Juice Demand for Treasurys—to a Point

The two-job trend these days is about necessity, not pursuing a passion.

Americans Are Side-Hustling Like We’re in a Recession

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Citi to close LavaFlow trading unit

Financial News