☰

Empresas y finanzas

Exclusive: Citigroup says to shutter LavaFlow stock trading venue


    NEW YORK (Reuters) - Citigroup Inc said on Tuesday it is shutting down its alternative stock trading venue LavaFlow at a time when regulatory scrutiny around broker-run trading platforms has increased, forcing banks to rethink their costs.

    "Following a recent review of the LavaFlow ECN, we have decided that our capital, resources and efforts would be better redeployed to other areas within Citi?s Equities Division," Citi said in a statement.

    (Reporting by John McCrank; Editing by Chizu Nomiyama)