September 30, 2019

Virtu Americas LLC (f/k/a KCG Americas LLC)

Trading and Pricing

SANCTION AMOUNT: $1500000

Defendants: Virtu Americas LLC (f/k/a KCG Americas LLC)

The SEC found that Respondent relied on an automated system to keep trading volume in its dark pool below the level where it would be subject to Regulation SCI. However, the system didn't function as intended, resulting in applicability of the regulation and non-compliance. Respondent agreed to settle the charges.

Key Docs
Official SEC press release

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