WASHINGTON - The latest resurgence of retail trading in GameStop follows major changes aimed at boosting the resilience and transparency of the market following the 2021 "meme stock" saga.
Robinhood CEO Vlad Tenev said at the time that the problem was largely due the two days it takes trades to settle, and if settlements were in real time so much collateral would not be necessary. In 2022, the SEC proposed sweeping changes that aim to address these issues, in part by creating more incentives to send retail orders to exchanges. The agency expects to finalize that rule sometime this year, according to its public agenda.Gensler has criticized the "gamification of trading" in which brokerages encourage excessive trading using lights, noises, notifications and other gimmicks to generate more payment for order flow.
That rule has run into intense opposition and Gensler last month told reporters he was considering re-proposing it.The Bank of Canada is likely to cut its key overnight rate for the first time in more than four years on Wednesday, economists said, backed by a raft of data that points to cooling inflation and lackluster economic growth. The central bank aims to keep inflation at the midpoint of its target range.
Like most market-based investments, the price of gold gyrates in all directions. So how has it performed over the last ten years? If you invested $1,000 in gold a decade ago, how much would it be...
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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »