ICE to reform U.S. equity market practices

IntercontinentalExchange (ICE) plans to change some of the “absurd” practices on U.S. equity markets, reports ft.com. This includes rebates offered to market participants by some trading venues, says chief executive Jeff Sprecher.

Read: ICE to buy NYSE Euronext for $8.2 billion

Some of the recent missteps include Knight Capital’s trading error, and Facebook’s failed IPO.

Sprecher hopes bringing attention to these situations will result in solutions for market participants and regulators, adds ft.com.

Read more.

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NYSE Euronext profits plunge ahead of takeover

Knight Capital selling assets, cutting staff

Nasdaq hopes to settle on Facebook IPO