Big Brokers Mutual Members Stock Exchange
This is a little inside baseball, but in light of the various conversations I have have down in Florida about trading and fees and data costs, this BusinessWeek discussion is intriguing: “Bank.....»»
Members Exchange secured $65 million to take on incumbent stock exchange firms
Business Insider Intelligen.....»»
NYSE and Nasdaq challenger MEMX delays launch due to coronavirus crisis
The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis......»»
U.S. SEC delays ruling on controversial NYSE high-speed data plan
The U.S. Securities and Exchange Commission said it needs more time to decide whether to allow a plan by the New York Stock Exchange to offer a new high-speed wireless connection to the exchange that some brokers have blasted as anti-competitive......»»
3 More Execs Leave Swiss Stock Exchange’s $100M Blockchain Project
Three executives have left SDX, the blockchain-based venue for digital asset trading owned by Swiss stock exchange operator SIX Group, since the year began, including two founding team members......»»
Market Extra: Buybacks are the ‘dominant’ source of stock-market demand, and they are fading fast: Goldman Sachs
Corporate buybacks will provide more demand for stocks than any other source in 2019, including households, mutual funds or exchange-traded-funds......»»
A new venture backed by Morgan Stanley and UBS is seeking to become a low-cost alternative to the New York Stock Exchange and Nasdaq
Reuters Members Exchange filed an application with the SEC to beco.....»»
Nasdaq eyes upside from free e-trades as profit tops expectations
Nasdaq Inc may see its market share of retail stock executions increase as a result of online brokers moving to free trades, the transatlantic exchange operator said on Wednesday after releasing better-than-expected quarterly financial results......»»
E-Trade and 3 other big brokers have axed the fees completely in the past week. Here"s how Fidelity responded when we asked about online commissions. (ETFC)
REUTERS/Lucas Jackson E-Trade said Wednesday after the closing bell that it would eliminate commissions for online US-listed stock, options, and exchange-traded fund tra.....»»
Charles Schwab says it will cut online stock and ETF fees to zero — and all the major brokers are getting clobbered (SCHW)
REUTERS/Jim Young Charles Schwab announced Tuesday that it will lower fees to zero for stock, exchange-traded fun.....»»
Investors race into U.S. stock funds with largest weekly surge since June
Investors jumped back into mutual funds and exchange-t.....»»
SEC delays disputed plan to probe exchange pricing conflicts
The U.S. Securities and Exchange Commission on Thursday delayed a controversial plan aimed at evaluating how stock exchange fees and incentives affect how brokers trade, while the exchanges sue the regulator in an attempt to kill the experiment......»»
Exclusive: SEC scrutinizes fairness of stock exchange pricing
The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, according to a person familiar with the matter......»»
Fund Flows
The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Members of I.....»»
Active stock funds see more outflows in November, but inflows increase into passive funds: Morningstar
Morningstar Inc. said Friday that outflows from active U.S. mutual funds and exchange-traded funds increased in November, but so did inflows into passive funds. The investment research company said investors pu.....»»
Financial titans plan low-cost stock exchange
Founding members include Bank of America Merrill Lynch, Charles Schwab and Morgan Stanley......»»
Bank of America, Morgan Stanley, others to form new stock exchange
A new national securities exchange is in the works. A consortium of big-name retail broker-dealers, banks and various other financial services firms are looking to launch a new equities exchange called MEMX, or Members Exchange. The consortium inclu.....»»
New stock exchange in the works to compete with Nasdaq, NYSE
A group of nine major Wall Street players plans to launch a new trading institution called Members Exchange......»»
Big U.S. exchanges to sue SEC over "overreaching" fee experiment
The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders......»»
New York Stock Exchange mulls 24-hour trading — a move Steve Cohen may welcome
The NYSE has polled market participants about the merits of round-the-clock trading, the Financial Times reported. NYSE traders.Spencer P.....»»