Nasdaq
The SEC said stock exchanges will have to provide more details before being allowed to raise fees or offer discounts to some traders.
Some market data fee increases by Nasdaq and the New York Stock Exchange were not justified, the SEC said.
Dubai’s aggressive push to develop its securities and commodities markets is igniting competition among Middle East exchanges to become the next major financial center and entice investors in the region to bring some of their ample funds back from London or New York.
Aware of regulatory hurdles that prevent competition in flagship futures contracts, exchange groups and financial firms are setting up budding derivatives markets that will bank on innovative listings to attract institutional investors.
As more money managers use options, new trading models and technologies are being created that market experts say will help support institutional investors' growing interest.
Two New York-based stock exchanges, NYSE Arca and Nasdaq OMX, have new plans to hunt for liquidity hidden in “dark pools” that would help institutional investors find a match for their large orders.
Options are gaining endorsements from institutional investors all too familiar with the steep losses their long-only stock positions sustained after the Nasdaq bubble burst.
Institutional investors should ride out the storm of volatile markets to obtain best execution, according to experts at a Pensions & Investments round table.
