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Lime Furthers Algo Partnership With BestEx Research


Traders Magazine
Lime customers will benefit from customized equity execution algo products
NEW YORK (May 6, 2021) Score Priority Corp. (“Score Priority”), a financial services organization for the retail and institutional trading community, today announced the furthering of its existing partnership with BestEx Research, a provider of execution algorithms. Lime’s customers including systematic traders, proprietary trading groups, asset managers, and other financial institutions will have access to BestEx Research’s growing suite of equity execution algos, customized to fit their unique needs.
“We go much further than anyone else in minimizing execution slippage”, said Hitesh Mittal, Founder and CEO of BestEx Research. “Our order placement logic models the volatility, liquidity, spread and depth of each stock to maximize spread capture and minimize adverse selection and market impact. Unlike most brokers who offer heuristic-based algorithms, we b ....

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FINRA Fines Trading Firm $250K For Alleged AML Failures


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FINRA Fines Trading Firm $250K For Alleged AML Failures
Law360 (April 16, 2021, 5:05 PM EDT) The Financial Industry Regulatory Authority fined Score Priority Corp. $250,000 based on findings that the electronic trading platform failed to establish an anti-money laundering program over a four-year period, allowing potentially suspicious trading out of accounts based in China and other foreign jurisdictions.
The firm s failure to set up a reasonable AML program between September 2016 and September 2020 allowed various instances of failures to detect, investigate, and respond to potentially suspicious trading of low-priced securities and other activity tied to the foreign accounts, according to Wednesday s order. ....

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