James “Whitey” Bulger, the former fugitive who ran a criminal gang in South Boston from the 1970s to the early 1990s, faces spending his life in prison after being convicted in a racketeering and murder conspiracy.
Direct Edge Holdings LLC, the fourth-largest U.S. equity exchange, is changing the way it handles flash orders, the split-second requests to buy or sell stock that regulators proposed banning last year.
James “Whitey” Bulger, the former fugitive Boston gangster found guilty in August of 11 murders, is set to learn whether he will be sentenced to perhaps one or even two life terms as family members of his victims look on.
Rules governing the obligations of market makers on U.S. equity exchanges and how stock quotes are handled are among issues likely to be reviewed in a hearing today before the House Committee on Financial Services.
Investors, traders and regulators underappreciate the harm caused by the fragmentation of trading across a dozen public markets with different rules and conventions, said Dave Cummings of Tradebot Systems Inc.