WASHINGTON, June 10 ― US officials are examining ways to update trading rules, including how assets are priced, to ensure they keep up with current technology, a top securities regulator said yesterday.
He made the comments during the Piper Sandler Global Exchange and Fintech Conference, which was closed to the public. Robinhood has been credited with introducing a generation of new individual investors to the stock market, but the platform is also known for features that critics say can make it addictive.
“I think that's a misperception: it's not free trade, somebody is paying for your and my order flows,” Gensler said on CNBC. “Secondly, they're getting our data, the data is very valuable. So it is zero commission, but not necessarily free.” Traditional exchanges handle only about 53 per cent of trading volume, while wholesalers manage over a third, with a single firm claiming to handle half of all retail volume, Gensler said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US eases warning to dozens of countries including pre-Olympics Japan | Malay MailWASHINGTON, June 9 — The United States on Tuesday eased its warnings against travel to dozens of countries including Olympics host Japan and much of Europe, raising hopes that widespread vaccinations will bring a return to normal travel. Close US allies and neighbours including Canada,...
Source: malaymail - 🏆 1. / 86 Read more »
World Bank boosts growth forecasts as US stimulus, vaccines stoke demand | Malay MailWASHINGTON, June 9 — The World Bank yesterday raised its global growth forecast to 5.6 per cent for 2021, marking the strongest recovery from a recession since 1940 due to US stimulus spending and faster growth in China but held back by “highly unequal” access to Covid-19 vaccines. The...
Source: malaymail - 🏆 1. / 86 Read more »
Dollar subdued as investors look to key US inflation gauge | Malay MailTOKYO, June 8 ― The US dollar was subdued today as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve's stimulus. The euro fetched US$1.21915 (RM4.12), bouncing back from its...
Source: malaymail - 🏆 1. / 86 Read more »
Tokyo stocks open lower after mixed US close | Malay MailTOKYO, June 8 ― Tokyo stocks opened lower today after Wall Street shares lost steam following recent rallies. The benchmark Nikkei 225 index was down 0.15 per cent or 43.59 points at 28,975.65 in early trade, while the broader Topix index slipped 0.17 per cent or 3.36 points to 1,957.49....
Source: malaymail - 🏆 1. / 86 Read more »
US pharmacist jailed for three years for tampering with Covid-19 vaccines | Malay MailWINCONSIN, June 9 — A Wisconsin pharmacist who pleaded guilty to trying to spoil hundreds of doses of Moderna’s Covid-19 vaccine because he was sceptical about them has been jailed for three years, the US Justice Department said on Tuesay. Steven R. Brandenburg, 46, was also ordered to pay...
Source: malaymail - 🏆 1. / 86 Read more »
US approves first new Alzheimer’s drug in almost two decades | Malay MailWASHINGTON, June 8 — The United States yesterday approved a drug called Aduhelm to treat patients with Alzheimer’s, the first new medicine against the disease in almost two decades and the first to address cognitive decline linked to the condition. The decision was highly anticipated but also...
Source: malaymail - 🏆 1. / 86 Read more »