NEW YORK: The National Stock Exchange relaunched on Tuesday with a low-cost model its new management says will challenge current industry practices and could save US investors billions if adopted market-wide. NSX reopened as the 12th US stock exchange following a shutdown of more than a year-and-a-half due to a lack of trading volume. It will charge 3 cents for every 100 shares it matches and will not charge anything for buy and sell orders posted there.
Hey there, flash boy.
Exchanges around the world are avidly wooing high-frequency traders, those controversial speed demons of Wall Street.
Despite the often explosive debate over this kind of trading in the U.S., bourses in Mexico, Turkey, South Africa and beyond are trying to lure HFT types to boost business.
The message is clear: whatever the perceived risks, algorithmic robot traders — algobots — are marching steadily across the globe.
Submitted by Joe Saluzzi via Themis Trading, Below is a letter that we think the stock exchanges should be sending to investors: Dear Investors, The last few weeks have exposed that our equity markets are not as liquid as we have long claimed mainly due to market fragmentation and the lack of diverse liquidity pools.
BEIJING/SHANGHAI: Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund. Beijing has also suspended new share offers in an attempt to take pressure off the market after a 30 per cent plunge in three weeks, the Wall Street Journal said.
WASHINGTON — The U.S. State department has rejected a plea from environment groups to stop its review of the Keystone XL pipeline and has denied allegations of conflict of interest.
Friends of the Earth alleged last week that London-based Environmental Resources Management (ERM), which the state department hired to assess the impact of the pipeline, is in conflict of interest with Keystone’s owner TransCanada Pipelines Ltd. and other oil companies.
Women are pulling ahead of men as the biggest holders of personal wealth in America, and the gap is widening. Still, the $8 trillion they own is usually invested by men, who handle the vast majority of funds under management.