US stocks regulator to 'freshen' rules to ensure orderly markets | Malay Mail

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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »