The fight between brokers and exchanges around fees and access to trading inform...
NEW YORK - The fight between brokers and exchanges around fees and access to trading information has moved from stock exchange floors to data center rooftops.
Virtu opposed the NYSE’s plan because it would allow only one wireless provider - chosen by the exchange - to locate an antenna on the rooftop of the exchange operator’s Mahwah, New Jersey, data center, due to “resource and engineering constraints,” according to the letter, which was posted to the SEC’s website on July 25.
“The reality is that the new ‘floor’ of the NYSE is actually now located on the roof of a nondescript data center in Mahwah,” Virtu said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This is a 'watershed moment' for the ETF industry, says NYSE ETF chief—here's whyThe introduction of nontransparent exchange-traded funds could attract as much as $17 trillion to the ETF market, says Doug Yones, head of exchange-traded products at the New York Stock Exchange.
Read more »
Netflix Sent to State Court to Fight Missouri Cities on FeesThe City of Creve Coeur, Missouri wins the first round as Netflix argues it doesn't provide video programming within the meaning of a local tax ordinance.
Read more »
This is a 'watershed moment' for the ETF industry, says NYSE ETF chief—here's whyThe introduction of nontransparent exchange-traded funds could attract as much as $17 trillion to the ETF market, says Doug Yones, head of exchange-traded products at the New York Stock Exchange.
Read more »
Boy thrown off the 10th floor of Tate Modern gallery has brain and spine injuriesA 6-year-old boy wandered just a few feet from his mother when a 17-year-old stranger allegedly picked him up and 'swiftly' threw him off the 10th floor viewing platform at London's Tate Modern art gallery, a court has heard.
Read more »
Teen charged with attempted murder after child thrown from 10th floor of London's Tate ModernA 17-year-old has been charged with attempted murder after a 6-year-old boy was thrown from the viewing platform at the Tate Modern in the British capital on Sunday
Read more »
Not Just Trump: GOP Members Warned of Immigration ‘Invasion’ From House FloorPhoto Illustration by The Daily Beast/GettyWhen the El Paso shooter took up arms against defenseless Walmart shoppers this week, he was doing so to stop a mythical "cultural and ethnic replacement brought on by an invasion." The “invasion” rhetoric was straight out of a white nationalist fever
Read more »