Increasingly we are seeing the buy-side take more responsibility for its orders – how they’re handled, where they go, who sees them and so on. In order to fully understand this, it is important to step back and consider the origins of Luminex; why it was set up and what it is trying to fix.
In June 2014, FINRA began its transparency initiative around over-the-counter securities and began publishing data on the activity level of registered Alternative Trading Systems (ATS).