Markets

A group of Wall Street firms are planning to launch an stock exchange that should ‘scare the living daylights out of NYSE and Nasdaq’

A group of banks, market makers and retail brokers said on Monday they’re teaming up to launch an equities exchange. The founding members said they’re frustrated with the consolidation of power in the equities markets between three large exchange operators: Intercontinental Exchange, Nasdaq and Cboe Global Markets. The Member Exchange, […]
A group of Wall Street firms are planning to launch an stock exchange that should ‘scare the living daylights out of NYSE and Nasdaq’
News

Big asset managers like BlackRock are pressuring stock exchanges to limit a growing practice that ‘poses danger’ to young companies

BlackRock, CalPERS and other influential governance critics are asking two stock exchanges for more fairness in voting rights. A group representing funds and firms petitioned the New York Stock Exchange and NASDAQ on Wednesday to limit companies’ trading if they have unequal voting structures. A group that represents big funds […]
Big asset managers like BlackRock are pressuring stock exchanges to limit a growing practice that ‘poses danger’ to young companies
Markets

A top SEC regulator just ripped crypto exchanges for being amateurish

Brett Redfearn, the new director of the Division of Trading and Markets at the SEC, says cryptocurrency exchanges are acting amateurish. Not a single exchange appears to be anywhere close to being properly registered with the SEC, Redfearn said during the DTCC Fintech Symposium in New York on Thursday. When […]
A top SEC regulator just ripped crypto exchanges for being amateurish
Markets

Cboe crashes 15% after VIX products implode

Cboe Global Markets, the options and derivatives exchange group, was crashing during Tuesday trade, according to Markets Insider data. The company’s stock was trading down nearly 15% at 10:31 a.m. ET, at $US112 a share. It appears the driver of the sell-off is the company’s connection to VIX products. Two […]
Cboe crashes 15% after VIX products implode