Stock Market News

Virtu Financial shares dip on potential stock market shake-up

2022.12.14 14:54

[ad_1]


Virtu Financial shares dip on potential stock market shake-up

By Sam Boughedda

Shares of Robinhood (NASDAQ:) and Virtu Financial (NASDAQ:) dipped Wednesday after it was revealed the U.S. Securities and Exchange Commission is set to vote on a shake-up in the structure of American equity markets.

The vote will be on progressing rule proposals related to the handling and execution of stock orders. It could be some of the biggest changes to the American equity market structure in nearly two decades, with the proposed changes aimed at boosting competition, transparency, and fairness.

The news has impacted stocks such as Virtu Financial, which is down more than 5% at the time of writing, and Robinhood, which dipped earlier in the session but is now just in the green.

The potential changes to the rules would see marketable retail stock orders sent to auctions before being executed. This is meant to be so brokers show they get the best possible executions for clients. In addition, it is hoped it will reduce trading increments and access fees on exchanges.

The SEC will also consider whether to require brokers to provide more information on customer trade quality and require more firms to file order execution reports.

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,278.31 1.12%
ethereum
Ethereum (ETH) $ 1,896.83 1.56%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.33 2.17%
bnb
BNB (BNB) $ 631.02 4.00%
solana
Solana (SOL) $ 128.53 4.40%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.716217 2.97%
dogecoin
Dogecoin (DOGE) $ 0.172119 1.80%
tron
TRON (TRX) $ 0.212526 3.34%
staked-ether
Lido Staked Ether (STETH) $ 1,895.62 1.53%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,060.25 1.12%
pi-network
Pi Network (PI) $ 1.39 7.28%
leo-token
LEO Token (LEO) $ 9.80 0.49%
chainlink
Chainlink (LINK) $ 13.68 2.73%
the-open-network
Toncoin (TON) $ 3.44 1.24%
stellar
Stellar (XLM) $ 0.271781 0.45%
usds
USDS (USDS) $ 1.00 0.00%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,269.96 1.77%
hedera-hashgraph
Hedera (HBAR) $ 0.192563 0.28%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.40%
avalanche-2
Avalanche (AVAX) $ 18.49 4.71%
sui
Sui (SUI) $ 2.28 1.89%
litecoin
Litecoin (LTC) $ 92.28 0.24%
mantra-dao
MANTRA (OM) $ 6.94 4.65%
polkadot
Polkadot (DOT) $ 4.40 1.91%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.18 1.80%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
weth
WETH (WETH) $ 1,897.20 1.45%
bitget-token
Bitget Token (BGB) $ 4.42 1.11%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.45%
hyperliquid
Hyperliquid (HYPE) $ 13.63 0.49%
whitebit
WhiteBIT Coin (WBT) $ 28.34 1.84%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,016.32 1.54%
monero
Monero (XMR) $ 211.56 0.21%
uniswap
Uniswap (UNI) $ 6.16 1.63%
susds
sUSDS (SUSDS) $ 1.04 0.05%
dai
Dai (DAI) $ 0.999887 0.01%
aptos
Aptos (APT) $ 5.36 0.62%
near
NEAR Protocol (NEAR) $ 2.54 3.96%
okb
OKB (OKB) $ 49.72 6.29%
pepe
Pepe (PEPE) $ 0.000007 4.01%
mantle
Mantle (MNT) $ 0.822228 2.22%
internet-computer
Internet Computer (ICP) $ 5.69 2.47%
gatechain-token
Gate (GT) $ 21.83 0.85%
ethereum-classic
Ethereum Classic (ETC) $ 17.72 1.32%
ondo-finance
Ondo (ONDO) $ 0.844661 2.89%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,300.32 1.02%
aave
Aave (AAVE) $ 167.26 3.05%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.02 0.04%