Warping the loom

Warping the loom
 

Closed outcry THE controversies that beset America’s financial markets extend to even the most basic activities, such as trading a security. What was once the preserve of a stockmarket duopoly of the New York Stock Exchange and NASDAQ, and a handful of narrow commodity markets, is now a bewilderingly complex tapestry. It is also subject to incessant reweaving: take this week’s announcement that Bats Global Markets, an operator of four stock exchanges, will be sold to the CBOE, an options exchange, for $3.2 billion.
Bats was founded in 2005 in Kansas by a man whose background was in trading... read more

 
30 September 2016 in Business, Views: 41
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