Tag: nasdaq

How This Startup Trading Venue Deals With Criticism From Heavyweight Competitors | Inc 

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Incumbent companies don’t take kindly to upstarts threatening to change the way an industry works. Whether you’re Uber or Lyft undercutting taxi companies or Airbnb pulling guests away from hotels, someone is going to be upset about having to compete with an idea that seemed to come out of left field.

The situation is no different for private “dark pool” trading venue IEX, which expects to find out March 21 whether the Securities and Exchange Commission will grant it approval to become a public stock exchange. Billing itself as the good guy stock market where high-frequency traders don’t have an unfair advantage, IEX has predictably caught more than a little flak from heavyweight competitors Nasdaq, NYSE and BATS.

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Bond limbo: How low can rates go? | Cnn Money.com

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Investors are running away from stocks as fast as they can.The Dow plunged more than 350 points shortly after the opening bell Wednesday while the S&P 500 and Nasdaq each dropped more than 2%. Stocks rebounded later in the morning but the sell-off worsened as the day wore on. The Dow was down more than 400 points by mid-afternoon. Strangely enough though, it seems that investors are still bullish on America in spite of the market volatility. They are doubling down their bets on U.S. Treasury bonds.

The rate on a 10 Year Treasury plunged Wednesday morning to 1.86% — its lowest level since May 2013. Yields fall when investors are buying bonds. The yield moved back above 2% later on during the day. So rates still have a relatively long way to go before they approach their all-time low of 1.39% from July 2012.

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