Jumping the Gun: Trading Giant Virtu Sues SEC Ahead of Market Structure Overhaul
Also, CFTC decision on election betting delayed until next year; OCC signals tougher approach on bank fines
Doug Cifu, the pugnacious CEO of Virtu Financial has spent the past few months predicting there would be a flood of litigation challenging the SEC’s market structure revamp. Today the trading firm beat the rest of the industry to the courthouse – even though the proposal has yet to be released.
Virtu’s case is on a side issue, a public records request it…