The first change was implemented in July 2018 and caused the BIDS to overstate its advertised trading volume in 151 instances, which resulted in the overstating of 12,298,256 shares for 92 securities. The second change came in May 2019 when BIDS reconfigured its servers, causing the platform to overstate trade volume in 1,890 instances, which [...]The post FINRA fines Cboe's BIDS Trading $200K for overstating trade volume appeared first on LeapRate.
BIDS Trading is a New York-based institutional brokerage firm that provides portfolio management, capital raising, financial planning and advisory services for businesses.