And finally, BAC would be able to step into the prime brokerage business (actually step back into it after they recently sold their platform to BNP Paribas). Although, I am not sure they want to get back into prime brokerage considering how bad the hedge fund market is right now with res...
A generation or more ago, when commissions were nose-bleed high, and discount brokerage was in its infancy, buying a round lot (almost always 100 shares; IBM, where a round lot was 1, being the most important exception) was significantly less expensive than buying an odd lot (anything less...
big brokerage firms, who trade them just like individual stocks, who also calculate the fund NAV in real time and take a bid-asked spread as their fee for services. The APs also keep the records of ETF holders, saving the fund that expense. When an AP takes money from you or me ...
The change, which comes after the GameStop mania in 2021 put the settlement process under public scrutiny, is not expected to cause disruptions for most retail traders, as brokerage firms generally handle the settlement process for customers. — Jesse Pound Tue, May 28 202410:56 AM EDT Bill G...
As the recession waned, however, and as brokerage firms adjusted, the immense amount of intellectual property the firm had collected began to set sail for more lucrative shores. I got a job as a trainee analyst on the strength of my ability to write a coherent English sentence and to add ...
A generation or more ago, when commissions were nose-bleed high, and discount brokerage was in its infancy, buying a round lot (almost always 100 shares; IBM, where a round lot was 1, being the most important exception) was significantly less expensive than buying an odd lot (anything less...
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media ...
Brokers Woo ‘Snowball’ Buyers With 40% Returns After China Stock Market Rout; Growing price war threatens to erode brokerages’ profits; Some investors have lost faith in derivatives after selloff Bloomberg News Chinese securities firms are dangling near record-high returns to lure investors back...
Those brokers charged brokerage in terms of %age of total traded value. That means if you buy share worth 1 Lakh rupee, with 0.55% ICICI Direct deducts Rs 550 as brokerage charges. But Zerodha told, we are going to charge Rs 20/executed order, what ever may be the traded value. This...
And in another sense, their selling involved abuses. There were conflicts of interest as brokerage firms put their own interests ahead of their customers’. And the decline was greatly aggravated by the speed at which big institutions could unload billions of dollars worth of stocks, using the ...