May 15, 2021

New stock exchange fights unfair online trading

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By Jon Fingas From engadget IEX slows down every transaction to prevent shady internet traders from getting the upper hand. Some (such as The Big Short author Michael Lewis) see high-frequency, algorithm-based stock trading as a serious threat to the economy. There’s a concern that big trading firms are cornering the market by paying for […]

Citigroup Endorses Revamp of U.S. Stock Exchange Trading Fees

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By Doni Bloomfield From Bloomberg Citigroup Inc. (C), the third-biggest U.S. bank, told regulators they could steer more stock trading to public exchanges by making it more affordable. The bank suggested the U.S. Securities and Exchange Commission cut the highest amount that can be levied to trade by at least two-thirds, according to a letter […]