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SEC Chair Gensler Says Payment For Order Flow Is Conflict Of Interest: 'It's Not A Level Playing Field' For Retail Traders
Wednesday, October 12, 2022 - 4:44pm | 640SEC Chairman Gary Gensler was asked some hard-hitting questions by podcast host Jon Stewart. Many of the answers centered on Gensler wanting to do the right thing, but being resource constrained. Here’s a summary of the conversation. What Happened: Former Daily Show host Jon Stewart asked...
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Institutions Trade Millions Worth Of This Fund That Tracks AMD, Nvidia, Intel, Texas Instruments Stocks
Monday, August 1, 2022 - 1:22pm | 716At 9:42 p.m. on Sunday, Money Flow Mel (@MelStone31) posted an image to Twitter indicating institutions traded large blocks of Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) over a dark pool exchange. The Trades: At 4:03:39 a.m. an institution traded 1,841,874 shares of SOXL at $19.83....
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Dark Pool Activity: What's Up With Institutions Trading $34 Million In Pershing Square Stock?
Tuesday, July 12, 2022 - 2:54pm | 685At 9:12 a.m. Tuesday, Money Flow Mel (@MelStone31) posted an image to Twitter indicating institutions traded large blocks of Pershing Square Tontine Holdings, Ltd (NYSE: PSTH) over a dark pool exchange. The trades are interesting because on Monday the special purpose acquisition company...
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Institutions Traded Millions In Oracle, Coca-Cola Stock This Morning: What Investors Need To Know
Tuesday, July 5, 2022 - 2:23pm | 615At 8:54 a.m. on Tuesday, Money Flow Mel (@MelStone31) posted an image to Twitter indicating institutions traded large blocks of Oracle Corporation (NYSE: ORCL) and Coca-Cola Co (NYSE: KO) over a dark pool exchange. The Trades: At 7:35:41 a.m. an institution traded 362,616 shares of Coca-Cola at $64...
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What Do They Know That We Don't? Institutions Just Bet $18M On The U.S. Oil Fund Via Dark Pools
Friday, July 1, 2022 - 12:13pm | 748At 9:12 a.m. on Wednesday, Money Flow Mel (@MelStone31) posted an image to Twitter Inc (NYSE: TWTR) indicating institutions traded large blocks of the United States Oil ETF (NYSE: USO) over a dark pool exchange. The Trades: At 8:07:56 a.m. an institution traded 111,000 shares of USO at $81.16...
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Why Is The Structure Of The Stock Market So Complicated?
Thursday, August 27, 2020 - 3:21pm | 755The unfortunate reality of the U.S. stock market is it is extremely complicated. There are exchanges. Broker-dealers. Dark pools. High-frequency traders. Alternative trading systems. And all of these bodies are interacting with each other millions of times daily for fractions of a second at a...
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Seth Merrin Talks Dark Pools, President Trump And Warns Of A Fintech Bubble
Tuesday, May 9, 2017 - 5:18pm | 802The man considered the father of modern financial analytics believes there is a fintech bubble. Seth Merrin, founder and CEO of Liquidnet Holdings, Inc., also warned that the deregulation fervor of President Donald Trump could replicate in fintech the sort of meltdown triggered by the collapse of...
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Meridian's Jonathan Corpina Explains How Off-Exchange Trading Hurts Investors
Tuesday, October 28, 2014 - 2:04pm | 353As notable chunks of trading volume continue to go off-exchange, Jonathan Corpina still believes that the New York Stock Exchange has one of the most transparent markets. Corpina, a senior managing partner at Meridian Equity Partners, recently joined Benzinga’s #PreMarket Prep to talk...
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'Flash Boys' Exchange's John Ramsay Talks Off-Exchange Trading
Monday, October 20, 2014 - 4:00pm | 524John Ramsay is the chief market policy and regulatory officer for IEX, an alternative trading system that is featured in Michael Lewis’ New York Times best-seller, “Flash Boys.” Ramsay was recently a guest on Benzinga’s #PreMarket Prep, where he explained why it is...
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Consulting Analyst Ann Logue Talks 'Day Trading For Dummies'
Monday, July 7, 2014 - 9:46am | 800Day trading is a business. At least that's how freelance writer and consulting analyst Ann Logue wants people to see it. Logue is the author of ‘Day Trading For Dummies,' and she was recently a guest on Benzinga's #PreMarket Prep to discuss the newest edition of her book. “(Day trading) is a...
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Market Wrap For April 9: Investors Breathe Sigh Of Relief Over Rate Worries
Wednesday, April 9, 2014 - 4:35pm | 2359U.S. stocks rose sharply after minutes from the Federal Reserve eased concerns over when the central bank would raise interest rates. The decision to let go of the 6.5 percent unemployment rate threshold for raising interest rates was finalized in early March. Additionally, the Fed's minutes...
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Founder of DAS Trader Karen Gentile Discusses Dark Pools, Twitter & More
Wednesday, December 18, 2013 - 3:35pm | 1027DAS (Direct Access Software) Trader is an industry leader in direct access trading technologies. The company, founded 10 years ago by Karen Gentile, offers an end-to-end electronic trading solution to market participants of all sizes and expertise. Benzinga had a rare opportunity to have a...