• Watch Out NYSE-Wall Street Is Building Its Own Stock Exchange

    10 days ago - By Fortune

    Wall Street broker-dealers have long been frustrated with what they say are over-the-top fees charged by stock exchange giants such as the Nasdaq and New York Stock Exchange.
    The solution: Build their own exchange to shake up what has effectively become a duopoly.
    On Monday, nine financial firms including Morgan Stanley , Bank of America , and Fidelity Investments announced plans to form an equities exchange dubbed the Members Exchange, or MEMX.
    The new stock market, which is expected to file an application with the Securities and Exchange Commission in early 2019, plans to reduce costs...
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  • Wall Street's trading powerhouses look to shake up US stock exchanges

    10 days ago - By CNBC

    Nine firms plan to start an entirely new equities exchange called MEMX, or "Members Exchange."
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