Monday, March 27, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Stocks

Stock Market News Live: Dow Gains 300 Points After Infrastructure Deal Reached

MtR by MtR
June 24, 2021
in Stocks
0
Stock Market News Live: Dow Gains 300 Points After Infrastructure Deal Reached


The chief executive of Robinhood Markets Inc. waded in Thursday to the ongoing debate surrounding off-exchange trading, saying that financial regulators should allow public stock exchanges to quote securities prices in hundredths of a penny in order “to level the playing field.”

In a statement on Robinhood’s blog, Vlad Tenev said the online brokerage supports amending Rule 612, which was adopted by the Securities and Exchange Commission in 2005 and generally prevents exchanges from quoting prices in increments of less than a penny.

Meanwhile, off-exchange platforms—where individual investors’ trades, including those of Robinhood customers, are often executed—are able to buy and sell stocks at sub-penny prices.

“In a nutshell, exchanges cannot fairly compete with off-exchange market makers in executing our customers’ orders,” Mr. Tenev said.

The debate about where and how trades are routed has recently garnered heightened attention, in part because of the rush of individual investors into the market this year.

Market observers have become increasingly focused on a practice called payment for order flow, from which online brokerages such as Robinhood make money by routing customers’ orders to electronic-trading firms. Though the practice is commonplace in the brokerage industry, Robinhood in particular has found itself at the center of the payment-for-order-flow debate this year.

Online brokerages and electronic-trading firms say the practice benefits smaller investors by executing their trades at slightly better prices than they would get elsewhere. Yet the concept has also drawn scrutiny because of concerns that diverting trades away from exchanges makes markets less transparent. Nearly half of U.S. trading volume now takes place off public exchanges, a share that has increased in recent years.

Newly confirmed SEC Chairman Gary Gensler outlined this month a wide examination of market structure, and suggested that nonprofessional investors might get better prices if more trading were done on exchanges.

“The question is whether our equity markets are as efficient as they could be, in light of the technological changes and recent developments,” Mr. Gensler said at an industry conference this month. He also said the SEC’s review would examine the minimum price increments that exchanges are allowed to offer.

Under Rule 612, exchanges can only display stock prices in fractions of a cent if a security is trading at less than $1 per share. Mr. Tenev said Thursday that if sub-penny limitations are removed, “we could see…perhaps more retail order flow executed on lit markets.”



Source link

Related articles

Stock Market News Today Live: Dow, S&P 500 Waver Ahead of Labor Costs, Earnings – The Wall Street Journal

Stock Market News Today Live: Dow, S&P 500 Waver Ahead of Labor Costs, Earnings – The Wall Street Journal

August 9, 2022
S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline

S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline

August 9, 2022

Related Posts

Stock Market News Today Live: Dow, S&P 500 Waver Ahead of Labor Costs, Earnings – The Wall Street Journal

Stock Market News Today Live: Dow, S&P 500 Waver Ahead of Labor Costs, Earnings – The Wall Street Journal

by MtR
August 9, 2022
0

Stock Market News Today Live: Dow, S&P 500 Waver Ahead of Labor Costs, Earnings  The Wall Street Journal Source link

S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline

S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline

by MtR
August 9, 2022
0

Traders on the floor of the NYSE, August 1, 2022.Source: NYSES&P 500 futures fell on Tuesday after another chipmaker warned...

Alibaba gets Hong Kong’s approval for a primary stock listing

Alibaba gets Hong Kong’s approval for a primary stock listing

by MtR
August 9, 2022
0

A filing Monday showed Chinese internet tech giant Alibaba is another step closer to letting mainland Chinese investors trade its...

Jim Cramer says these 7 Covid-era winning stocks have staying power

Jim Cramer says these 7 Covid-era winning stocks have staying power

by MtR
August 9, 2022
0

CNBC's Jim Cramer on Monday offered investors a list of stocks that saw huge gains during the height of the...

US stocks tick lower as traders assess outlook for rate rises

US stocks tick lower as traders assess outlook for rate rises

by MtR
August 8, 2022
0

Wall Street stocks ticked lower on Monday, adding to losses in the previous session when a hot US jobs report...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Investment in overseas real estate surges : The DONG-A ILBO

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022
U.S. inflation CPI report, Wall Street, currencies

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022
Alberta oil production set new record in first half of 2022

Alberta oil production set new record in first half of 2022

August 10, 2022
Industrial Lubricants Market to Reach $71 Billion by 2027.

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022
U.S. inflation CPI report, Wall Street, currencies

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022
Alberta oil production set new record in first half of 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter