‘The Biggest Change To The Stock Market In Decades’ Could Be Weeks Away: Would The SEC’s New Plans Destroy Payment For Order Flow?
The Federal Reserve's final meeting of the year is slated for Dec. 14, and the stakes have been raised.
Charles Gasparino 2/2 This Plan If Enacted As Written Significantly Reduces ‘Payment For Order Flow,’ With Ramifications On Robinhood, Market Makers Like Citadel Securities. Genlser Is Said To Be Rushing The Proposal Out Before GOP Takes Congress. Next…
Charles Gasparino on Twitter: "SCOOP (1/2): Sources @SECGov say @GaryGensler's new market-structure plan could be unveiled at a Dec. 14 open meeting. Commissioners have a draft that's described as the biggest change to the stock market in decades w an "auction" for the handling of retail orders.
US Stocks On Track For Weaker Start To The Week: Disney Gains On Iger’s Return, Digital World, Tesla, China Stocks In Focus
The U.S. index futures are pointing to a moderately lower open by Wall Street stocks on Monday, as momentum regained on Friday appears to falter.
Watch Out, Traders! Dollar Index Breaches Key Level As Greenback Firms On China COVID-19 Worries, Hawkish Fed
The U.S. dollar commenced the week on a strong note, with the dollar index rising 0.53% to 107.49, boosted by defensive buying as investors weighed in on a spike in COVID-19 cases in China.
Larry Summers Backs Fed Moves, Urges Caution In US Diplomacy: ‘Not For Us To Tell China How They Should Organize Their Society’
Former Treasury Secretary Lawrence H. Summers believes the U.S. Federal Reserve is on the right path in its fight against inflation.