Brokers News 

Massachusetts investigating whether top U.S. brokers have a kickback conflict

“Massachusetts is investigating whether top retail brokerage firms send customer buy and sell orders to exchanges that offer the brokers kickbacks and whether that practice prevents ordinary investors from getting the best price for their trades” writes Liz Moyer for cnbc.com. As electronic trading proliferated in the last decade and the number of exchanges and trading sites blossomed, rebating became a strategy by exchanges to draw trading volume. Source: cnbc.com Share This:

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AUD Crypto News 

Australia’s BTCMarkets Exchange Enables Bitcoin Cash Trading Against AUD and BTC

“They now have Bitcoin Cash trading enabled against the Australian Dollar and Bitcoin” writes Jp Buntinx for newsbtc.com. Bitcoin Cash should be BCH everywhere, instead of BCC. Enabling BCH trading against the AUD is quite interesting.It’s good to see more exchanges credit user balances with Bitcoin Cash tokens.More specifically, most exchanges allowing fiat trading with Bitcoin Cash do not have deposits or withdrawals enabled. Source: newsbtc.com Share This:

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Crypto News Platforms 

Most Major Japanese Exchanges Will Embrace Bitcoin Cash After all

“All of the major Japanese exchanges will seemingly do so, though” writes Jp Buntinx for newsbtc.com. All major Japanese exchanges will do exactly that, by the look of things.It appears all major Japanese exchanges will support BCH trading in the next few days and weeks.Moreover, some platforms have set up a schedule to start trading Bitcoin Cash in the near future. Source: newsbtc.com Share This:

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Crypto News 

Japanese Digital Currency Exchanges Halt Bitcoin Services Again Ahead of Bitcoin Cash Split

“For the second time in a matter of days, Japanese digital currency exchanges are halting their bitcoin services ahead of a potential bitcoin split expected today” writes unknown author for cryptocoinsnews.com. In July, it was reported that 13 Japanese digital currency exchanges would temporarily halt their services on the 1 August.However, despite the fact that actual Bitcoin Cash coins don’t exist yet, a number of digital currency exchanges have already revealed that they will credit bitcoin cash to traders holding bitcoin. Source: cryptocoinsnews.com Share This:

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Markets News Stocks 

Yes, the stock market could be hacked. But …

“But, let’s just ask it: Could the stock market ever be hacked?” writes David Woolfall for cnbc.com. Since major stock market exchanges run on their own offline networks though, phishing just wouldn’t cut it.The stock market has serious protections in place to prevent any sort of “hack,” or fraud-based fiasco brought on by hostile actors.Millions of Americans rely on the stock market as their primary wealth-building tool.People put an incredible amount of faith in the stock market. Source: cnbc.com Share This:

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Crypto News 

Top Blockchain Companies AlphaPoint, Bloq and RSK Labs Show Support for Exchange Union

“July 28th, Shanghai, China, Exchange Union has attracted the support of high profile blockchain companies AlphaPoint, Bloq and RSK Labs ahead of its crowd sale on Aug 7” reports newsbtc.com. We believe Exchange Union will lead the trend for settlement on blockchain.” Exchange Union has also been favoured by RSK Labs.Exchange Union has appeal for blockchain technology companies, particularly those specialized in use cases and infrastructure.As a distributed platform of smart contracts on Bitcoin Blockchain, RSK Labs has developed an extensive fan-based Bitcoin and blockchain community and is widely regarded…

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News Stocks 

What Trump could do to make Obamacare ‘implode’

“The Affordable Care Act, also called Obamacare, has been plagued by high-profile health insurer exits and rising premiums” writes Emma Court for marketwatch.com. After the so-called “skinny” repeal of the Affordable Care Act failed to pass in a Senate vote early Friday morning, President Donald Trump tweeted out his thoughts on the subject. “As I said from the beginning, let ObamaCare implode, then deal.There are also other ways to sabotage the health care law, which is administered by the Department of Health and Human Services, led by Secretary Tom Price.See…

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Markets News 

Nasdaq to acquire Sybenetix, a startup that uses AI to prevent market abuse from traders

“Sybenetix will enable the exchange group to expand its current market surveillance technology offering to service buy-side firms, Nasdaq said on Tuesday” reports venturebeat.com. Other than running stock exchanges, Nasdaq has a large division that sells market technology to trading firms, exchanges and clearing houses around the world.(Reuters) — Nasdaq has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders in order to prevent market abuse.Its technology uses advanced analytics and behavioral science to…

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News Stocks 

Wall Street Profits by Putting Investors in the Slow Lane

“A lower effective spread is good for investors, since the gap between what buyers pay and what sellers receive is smaller” writes David Swensen for nytimes.com. Since kickbacks result in worse trade execution, brokers that route client orders for kickbacks violate their duty of best execution.Consider data on effective spread, which measures an exchange’s ability to provide trade executions at attractive prices.Publicly available trade and quote data show that the queues to buy or sell stock are considerably longer on exchanges that offer kickbacks.In September 2016, IEX’s first full month…

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