ADVFN - Advanced Financial Network.
HOME» NASDAQ » E » ETFC Stock Price » ETFC Stock News

E*trade Financial Share News

 E*trade Financial (mm) Stock Price
ETFC Stock Price
 E*trade Financial (mm) Stock Chart
ETFC Stock Chart
 E*trade Financial (mm) Stock News
ETFC Stock News
 E*trade Financial (mm) Company Information
ETFC Company Information
 E*trade Financial (mm) Stock Trades
ETFC Stock Trades

SEC Extends Review Of NYSE Retail Trading Proposal By 60 Days

By Jacob Bunge Of DOW JONES NEWSWIRES U.S. stock-market regulators will take another two months to review a proposal by NYSE Euronext (NYX) that would allow the exchange group a new way to compete for retail investors' trading business. The Securities and Exchange Commission on Friday extended by 60 days its review of the proposed NYSE program, which would see the Big Board parent compete for individual investors' orders by using some of the same methods as the banks and trading firms that currently execute many of those trades. An SEC spokesman confirmed the extension Friday. NYSE Euronext originally submitted the program last fall, seeking to separate out stock orders coming from retail brokerage firms and make them eligible to receive improved prices on their trades. The exchange operator proposed to allow market makers and other traders to offer prices that improved upon the going market rate by as little as a tenth of a cent. The proposal drew protest from banks and trading firms, who warned that allowing share prices to move to finer increments risked destabilizing those prices, because liquidity would be stretched out across a wider range of potential prices. A handful of firms currently dominate the facilitation retail investor orders, including Knight Capital Group (KCG), UBS AG (UBS) and Citigroup Inc (C). Such firms pay fees to retail brokers in return for the first chance to trade their customers' orders. The firms also can choose to provide more competitive prices than may be available on the public markets. If orders are unfilled by such firms, they are often sent on to rival trading houses or private stock markets known as dark pools where they may be filled before winding up on an exchange. Exchange operators have complained that the process has minimized the presence of retail-level trading on their markets. Individual investors' orders are prized by faster-moving firms that can pocket profits by rapidly turning over the shares, while retail traders typically hold their investments for a longer period of time. -By Jacob Bunge, Dow Jones Newswires; 312-750-4117; jacob.bunge@dowjones.com

Stock News for E*trade Financial (ETFC)
DateTimeHeadline
10/10/201400:10:24Hackers Stole Fidelity Data
10/09/201423:19:23Hackers Stole Fidelity Data, Too: Investigators: Update
10/08/201412:35:13iti, Regions, E*Trade, ADP Saw Traffic Linked to J.P. Morgan...
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
06/17/201416:46:22MARKET SNAPSHOT: U.S. Stocks Post Third Day Of Gains
06/17/201413:15:51MARKET SNAPSHOT: U.S. Stocks Rise; Russell 2000 Leads Gains
06/06/201416:41:34MARKET SNAPSHOT: S&P, Dow Set More Records, Russell Up For Year
06/06/201415:38:15MARKET SNAPSHOT: Stocks Gain: S&P Eyes Record, Russell Up For...
06/06/201412:20:53MARKET SNAPSHOT: Stocks Gain: S&P Eyes New Record, Russell Up...
01/23/201416:36:52E*Trade Swings To Profit
11/15/201309:19:36Omega Advisors 3Q 13F: Holdings As Of Sep 30
11/15/201309:19:36Omega Advisors 3Q 13F: Largest Sales
11/15/201308:46:13Glenview Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:46:08Glenview Capital Management 3Q 13F: Largest Sales
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest Purchases
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest -2-
11/15/201306:54:05QVT Financial LP 3Q 13F: Largest Sales
11/15/201306:54:05QVT Financial LP 3Q 13F: Holdings As Of Sep 30
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases

E*trade Financial and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad