IEX becomes first exchange operator to disclose its costs with the detailed report revealing incumbent exchanges are grossly marking up fees.
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
Securities and Exchange Commission unanimously approves a one-year programme, known as the transaction fee pilot, as part of a review of the ‘maker-taker’ trading system.
NYSE, Nasdaq, CME Group and Cboe Global Markets will close on 5 December to honour former President George H. W. Bush.
US regulator rules in favour of SIFMA’s challenge of its support in market data fee increases at Nasdaq and NYSE.
Peggy Sullivan has been acting as a consultant for Vela but has now been appointed chief of staff.
Chief operating officer at NYSE Group Stacey Cunningham will begin role as president later this week.
Trading on NYSE was shut down for nearly four hours in July 2015 following technical issues.