- On the floor of the New York Stock Exchange (NYSE:ICE), high-frequency traders are now in charge.
- Barclays (NYSE:BCS) has become the last of the big investment banks to relinquish the once-hallowed "designated market maker" status by selling its business to GTS, which will join other DMMs such as IMC Financial, KCG and Virtu on the NYSE.
- GTS currently accounts for 3%-5% of daily cash equities volume in the U.S., but is now set to be designated market maker for 1,200 listed securities, including Berkshire Hathaway, ExxonMobil, Twitter and Alibaba.
The changing landscape of the NYSE
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About ICE Stock
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Symbol | Last Price | % Chg |
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ICE | - | - |
Intercontinental Exchange, Inc. |