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Stock Market & Financial Investment News

News Breaks
December 9, 2013
07:13 EDTTROWMore big investors flock to 'upstairs' trading, WSJ reports
Some of the world's biggest investors are changing the way they trade in U.S. markets in response to what they say are rising risks for institutions of their size, including conducting more "upstairs" trades, in which deals are executed among big institutions, bypassing the broader market, reports the Wall Street Journal.Reference Link
News For TROW From The Last 14 Days
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April 24, 2014
08:17 EDTTROWT. Rowe Price CEO: Economic growth in U.S. is stable and sustainable
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07:42 EDTTROWT. Rowe Price reports Q1 EPS $1.12, consensus $1.03
Reports Q1 revenue $954.6M, consensus $948.36M
April 23, 2014
10:16 EDTTROWHigh option volume stocks: R TROW PG FTI UNIS
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April 15, 2014
07:28 EDTTROWSEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 10, 2014
13:43 EDTTROWFidelity to pitch new lost cost trading venue to large asset managers, WSJ says
Fidelity is working on a new trading venue, dubbed "Sakura," that it hopes will be a collaboration among big mutual-fund firms to reduce costs and streamline trading and will be an improvement over other "dark pools," reported The Wall Street Journal, citing people with knowledge of the matter. The report said Fidelity is in the initial planning stages and has just started pitching the idea to other large asset managers. Publicly traded fund managers include BlackRock (BLK), Franklin Resources (BEN) and T. Rowe Price (TROW), while Investment Technology Group (ITG) currently operates dark pools that facilitate block trading among large institutions. Exchange operators Nasdaq (NDAQ) and Intercontinentalexchange's (ICE) NYSE have previously testified to legislators that too much trading occurs in dark pools, hurting investors. Reference Link

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