Exclusive: Citigroup To Shutter Lavaflow Stock Trading Venue …

REUTERS/Brendan McDermid12:37 PM 12/02/14By John McCrankNEW YORK (Reuters) – Citigroup Inc is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs.Critics say the alternative stock trading venues add to the fragmentation of the market, increasing complexity and costs […]