Is the next move for big tech to buy an exchange? https://www.bloomberg.com/news/arti...al-with-cme-group-in-move-to-cloud-technology
Exchanges or ECNs are just a bunch of computers running some programs. Sure Google can do that. US regulators have turned a blind eye to those things. Free market? Google has more programmers than CME has.
Automation and robotics leading to less demand for human capital. Covid brought many newcomers into the trading arena. It will be the ultimate game of survival of the fittest…Let the games begin.
yes, google or anyone can write an exchange but you need people to show up. buying cme is buying the liquidity
Of course their stock price is doing great, all they do is raise fees every year while the rest of the industry lowers them. No thanks cme, I'll stick to equity trading where traders have a fair shot at making money.
says the futures traders getting demolished by fees. its ok, you can admit it. being honest with yourself is step 1
Demolished by $1.06 hahahaha. Gee I wish I could convince myself wider spreads realllly don't matter like stonkstraders do.