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Do You Get the Best Prices Trading Stocks?

Authors :
Osipovich, Alexander
Source :
Wall Street Journal (Online). 12/14/2022, pN.PAG-N.PAG. 1p.
Publication Year :
2022

Abstract

Mr. Griffin met with Mr. Gensler in June 2021 and discussed a Citadel Securities white paper on market structure, in which the firm outlined a set of changes less radical than what the SEC is now planning, people familiar with the matter said. Citadel Securities, though lesser-known than its sister company Citadel, a $59 billion hedge fund, is a behemoth that handles more than 20% of the shares that change hands in the U.S. stock market each day. In an interview, Mr. Gensler said investors would get better prices on their trades if there were more competition between trading firms for their orders. The SEC is facing off against Citadel Securities and other firms over who gets to execute - and profit from - individuals' trades One morning in September, Phil Hanson clicked a button on his TD Ameritrade screen and sold 100 shares of Immunovant Inc. [Extracted from the article]

Details

Language :
English
ISSN :
25749579
Database :
Academic Search Index
Journal :
Wall Street Journal (Online)
Publication Type :
News
Accession number :
160871670