Ever since the Nasdaq Stock Market announced the purchases it made at the Boston Stock Exchange's (BSE's) estate sale the last week, one thing that puzzles many in the industry is what Nasdaq will do with its new clearing license.
Aside from the Depository Trust & Clearing Corp. (DTCC), only the BSE, now Nasdaq, and the Philadelphia Stock Exchange (PHLX) have the right to an equities clearing organization. Most transactions costs have fallen considerably in the past few years thanks to the increased competition due to the rise of alternative trading systems (ATSes) and ECNs, but clearing costs have not dropped at the same rate.It's...
- Waters Wavelength Podcast Episode 27: Trading Turrets, Sifma's CAT Comment Letter
- LPL Financial Rolls Out Money.Net into ‘Affinity' Vendor Program
- Thomson Reuters, Imperial College Ally for FinTech, Data Research
- Marathon Asset Management Taps SimCorp Coric for Client Reporting
- Survey: Access to Alternative Investments Is Low