MEMX: A 14th Equities Exchange? Really?!!
Date:
January 23, 2019
Research Type:
Market Note
Executive Summary
In early January, a group of the largest equity trading, brokerage, and retail firms – including Morgan Stanley, UBS, Citadel Securities, Virtu, Charles Schwab, E-Trade, TD Ameritrade, Fidelity Brokerage, and Bank of America Merrill Lynch – announced that they were funding the development of a new stock exchange, called the Members Exchange, or MEMX, to compete with the existing US equity exchanges. In this TABB Group Market Note, Larry Tabb breaks down how these market players would benefit from another equities exchange, what strategies MEMX is likely to pursue, and the threat it presents to the incumbents.
Areas of Interest
- Equities
USD $5,000.00