NEW Reuters Citigroup Inc and Citis Equities Division

Citis Equities Division: NEW Reuters Citigroup Inc is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs, according to Euro News. Following a recent review of the LavaFlow ECN , we have decided that our capital, resources and efforts would be better redeployed to other areas within Citis Equities Division, Citi said in a statement. The decision was first reported by Reuters and By John McCrank Critics say the alternative stock trading venues add to the fragmentation of the market, increasing complexity and costs for market participants. (news.financializer.com). As reported in the news.