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’
Markets

Nasdaq slams upstart rival IEX with an intellectual property lawsuit

Nasdaq, the exchange operator, has filed a lawsuit against upstart rival IEX in a New Jersey court. It claims IEX, the exchange made famous in the popular book “Flash Boys,” used its intellectual property and it is seeking compensation. Nasdaq, the exchange operator, filed a patent infringement lawsuit against IEX, […]
Nasdaq slams upstart rival IEX with an intellectual property lawsuit
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