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Stock Market & Financial Investment News

News Breaks
April 28, 2014
14:19 EDTSCHW, AMTD, IBKR, ETFCE-Trade slides after report of FINRA probe
Shares of discount broker E-TRADE Financial (ETFC) are lower in afternoon trading after the New York Post said regulators are investigating the firm's order routing practices. WHAT'S NOTABLE: According to the Post, the Financial Regulatory Authority, or FINRA, is looking into how E-TRADE priced customer orders it routed to G1 Execution Services, a company that E-TRADE once owned but sold recently to Susquehanna. At issue, the Post says, is whether E-TRADE is putting its profit drive ahead of its customer's best interest. Also of note, the SEC is said to be looking into changes that would require brokerages to disclose more in their "best execution" practices. PRICE ACTION. Shares of E-TRADE are down a bit over 3% in afternoon trading to $21.68. OTHERS TO WATCH: Other companies in the discount broker space include TD Ameritrade (AMTD), Charles Schwab (SCHW) and Interactive Brokers (IBKR).
News For ETFC;AMTD;SCHW;IBKR From The Last 14 Days
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July 1, 2015
12:26 EDTIBKRInteractive Brokers reports June DARTs up 21% year-over-year
Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for June. Highlights for the month included: 600,000 Daily Average Revenue Trades, 21% higher than prior year and 3% lower than prior month. Ending client equity of $66B, 22% higher than prior year and 1% lower than prior month. Ending client margin loan balances of $19B, 23% higher than prior year and 2% lower than prior month. Ending client credit balances of $33.4B, 18% higher than prior year and 1% lower than prior month. 310,000 client accounts, 18% higher than prior year and 1% higher than prior month. 447 annualized average cleared DARTs per client account. Average commission per cleared client order of $4.43 including exchange, clearing and regulatory fees.
June 18, 2015
16:20 EDTSCHWCharles Schwab releases results of 2015 Dodd-Frank Stress Test
Common Equity Tier 1 would be 22.2% in severe adverse scenario and Tier 1 risk-based capital ratio would be 22.2%. Reference Link

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