Edition:
United States

John McCrank

AI-assisted stock trading venue plans to use the technology for bigger trades

Apr 16 2019

NEW YORK Imperative Execution, a startup electronic stock trading venue operator, has found early success using artificial intelligence (AI) to reduce price movements after trades, and now it plans to use the technology to help brokers get larger trades done.

Goldman Sachs to layoff 98 bank employees in New York

Apr 16 2019

NEW YORK Goldman Sachs Group Inc plans to lay off nearly 100 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Monday.

U.S. SEC issues guidelines to help analyze crypto assets

Apr 03 2019

NEW YORK The U.S. Securities and Exchange Commission on Wednesday issued guidelines to help market participants determine whether a digital asset qualifies as a security under federal securities laws and needs to be registered with the regulator.

SEC delays disputed plan to probe exchange pricing conflicts

Mar 28 2019

NEW YORK The U.S. Securities and Exchange Commission on Thursday delayed a controversial plan aimed at evaluating how stock exchange fees and incentives affect how brokers trade, while the exchanges sue the regulator in an attempt to kill the experiment.

U.S. SEC to review stock trading rules in big potential shakeup

Mar 08 2019

NEW YORK The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.

Exclusive: SEC scrutinizes fairness of stock exchange pricing

Mar 07 2019

NEW YORK The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, according to a person familiar with the matter.

REFILE-EXCLUSIVE-U.S. SEC scrutinizes fairness of stock exchange pricing

Mar 07 2019

NEW YORK, March 7 The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, according to a person familiar with the matter.

Former Instinet CEO tapped to head new Wall Street-backed exchange

Feb 27 2019

NEW YORK Jonathan Kellner, former chief executive officer of brokerage Instinet, was on Wednesday named CEO of the Members Exchange, a new low-cost electronic bourse being built by a group of financial heavyweights to challenge the New York Stock Exchange and Nasdaq.

Big U.S. exchanges to sue SEC over 'overreaching' fee experiment

Feb 15 2019

NEW YORK The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.

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