Challenging US Exchanges Will be Uphill Battle for MEMX, Experts Warn
An industry initiative to start a new US exchange promises much, but it may struggle to deliver without a clearer purpose.
Last week’s announcement of a new venue for trading US stocks backed by a consortium of financial firms has industry participants excited about the prospect of lower fees, but experts say critical elements of the plan remain unclear, and warn that the participants will need to overcome competitive differences before they can truly benefit from their investments in the project.
A group of nine sell-side and buy-side firms announced on January 7 that they would file an application with US
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