Direct Edge agrees to FINRA regulation

05/22/2013 | Reuters · Wall Street Journal, The

The Financial Industry Regulatory Authority has reached an agreement with Direct Edge to begin monitoring for abusive trading practices on Direct Edge's two exchanges. Despite FINRA's involvement, Direct Edge will still handle much of the oversight burden. "It's not just a 'check-the-box' exercise," said Thomas McManus, Direct Edge's head of compliance.

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Reuters · Wall Street Journal, The

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