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.
MUMBAI: Portfolio management scheme (PMS), a product meant for the more affluent investors, is getting renewed push. While strong performances of schemes led by the outperformance of mid- and small-cap stocks have encouraged investors to put money in them, higher commissions are prompting PMS managers and distributors to sell them aggressively. Discretionary PMS category saw 4,245 accounts added in June, the highest monthly gain since October 2011, Securities and Exchange Board of India (Sebi) data show.
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.
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.