E*Trade Joins Rivals by Ending Commissions in Race to the Bottom. Reminds me of The Change Bank of SNL fame- all they made was change- Phil Hartman. How do we make money..... volume!!! #nothingisfree https://t.co/72F4Tpu47t
@see_jeff_tweet@ltabb@VirtuFinancial@STA_National Agreed. Analysis of parent performance is key , getting data set that is statistically relevant, comparing venue selection on child level is a part but ultimately it’s the performance vs a peer set that should determine who you route to
@aosipovich tough market for all, buy side, sell side and HFT. Pivoted into the client business with ITG in one of the worst years for buy side volume. Integration and cost savings will be key focus next two quarters
@aosipovich Exchange space is competitive. MEMX about to launch , IEX market share never got above 3 percent, listings was never realistic, data and TCA equally unrealistic.
@JoeSaluzzi@gmorgenson@NYSE Article while correct to reference some large shareholders, 3 of the 4 are the largest indexers in the world. While shareholders, their ownership isn't necessarily reflective of their fundamental views of the company, it reflective of an attempt to replicate an index