Carlo Allegri/ReutersA war of words between Wall Street traders just stepped up a notch.
It's a battle that has been playing out for some time, typically between market participants behind closed doors.
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.
Following the Securities and Exchange Commission’s decision earlier this week to file fraud charges against current and former executives with ITT Education Services – the operator of for-profit college chain ITT Tech
It was really only a matter of time. The Wall Street Journal reports that the SEC is going to look into some of Wall Street's biggest dark pools — opaque, private exchanges that investors use to trade more covertly.