Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

New Stock Exchange Better for Wall Street Than For Small Investors: MEMX

FYI: (This is a follow-up article.)

When the Pennsylvania Railroad started charging Andrew Carnegie steep fees to transport steel, he threatened to build his own railroad with a consortium of other industrialists and began blasting tunnels through mountains.

Similar brinkmanship is now playing out on Wall Street. Fed up with the fees charged for connectivity to exchange servers and data feeds, a group of brokers and trading firms plan to start their own trading venue, called Members Exchange, or MEMX.
Regards,
Ted
https://www.barrons.com/articles/new-stock-exchange-better-for-wall-street-than-for-small-investors-51547208000?mod=djem_b_Weekly Feed for Barrons Magazine
Sign In or Register to comment.