Explore/

Electronic Trading

Electronic Trading

3.43k followers11 symbols Watchlist by Motif Investing

Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.

11 Symbols

To view complete list, get the Yahoo Finance App

Get the Yahoo Finance app

  • Free real-time data
  • News and price alerts
  • Add and edit holdings
  • Track performance
  • Create multiple watchlists
  • Why Hold Strategy is Apt for Cboe Global (CBOE) Stock Now
    Zacks

    Why Hold Strategy is Apt for Cboe Global (CBOE) Stock Now

    Cboe Global (CBOE) is poised to grow on strong market position, global reach and strength in its proprietary products.

  • Why Is Nasdaq (NDAQ) Up 2.6% Since Last Earnings Report?
    Zacks

    Why Is Nasdaq (NDAQ) Up 2.6% Since Last Earnings Report?

    Nasdaq (NDAQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Why Is MarketAxess (MKTX) Up 14.1% Since Last Earnings Report?
    Zacks

    Why Is MarketAxess (MKTX) Up 14.1% Since Last Earnings Report?

    MarketAxess (MKTX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • MarketAxess Up More Than 100% in a Year: Is Upside Left?
    Zacks

    MarketAxess Up More Than 100% in a Year: Is Upside Left?

    MarketAxess (MKTX) shares rally due to its favorable operating performance and strategic initiatives, which poise it for long-term growth.

  • Boeing 737 MAX and the FAA: A Clash of Culture and Convexity
    Zacks

    Boeing 737 MAX and the FAA: A Clash of Culture and Convexity

    As we await results of NTSB and grand jury investigations, many questions linger about what went wrong.

  • Motley Fool

    2 Stocks We're Watching Right Now

    Here's what the "Industry Focus: Financials" team is keeping an eye on.

  • LPL Financial's July Brokerage & Advisory Assets Improve
    Zacks

    LPL Financial's July Brokerage & Advisory Assets Improve

    Improvement in brokerage and advisory assets is likely to support LPL Financial's (LPLA) revenue growth to some extent.

  • Don't Sell CME Group Inc. (NASDAQ:CME) Before You Read This
    Simply Wall St.

    Don't Sell CME Group Inc. (NASDAQ:CME) Before You Read This

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

  • NYSE Owner to Offer Futures Paying Out in Bitcoin Next Month
    Bloomberg

    NYSE Owner to Offer Futures Paying Out in Bitcoin Next Month

    (Bloomberg) -- Intercontinental Exchange Inc., the parent of the New York Stock Exchange, won an approval that clears the way for its Bakkt unit to allow investors to buy derivatives that pay out with Bitcoins for the first time.The New York State Department of Financial Services on Friday granted a charter to Bakkt Trust Co. to hold custody of customers’ tokens. The futures had already gotten a green light from the U.S. Commodity Futures Trading Commission under a self-certification process. The first contracts will be offered Sept. 23.“We believe that the availability of a benchmark that can be referenced globally will create confidence in the true price of Bitcoin,” Kelly Loeffler, Bakkt’s chief executive officer, said in a telephone interview. “It’s an important step in creating more trust.”Despite its status of the world’s most valuable cryptocurrency, Bitcoin is known for wild price swings that some say are the result of manipulation. Digital tokens trade on platforms that face far less regulatory scrutiny than exchanges for stocks or derivatives. Many of the venues are also located outside the U.S.According to Loeffler, the fragmented nature of Bitcoin trading means that there’s a lack of confidence of prices. She said that ICE’s futures contracts will lead to a new one-year price curve for Bitcoin that traders can use to express views on the cryptocurrency as they would with other asset classes.Some of the brokerages who already work with ICE to trade futures have agreed to also handle the crypto contracts, according to Bakkt.ICE has said its ultimate goal is to create an ecosystem that would encourage pension funds, endowments and other institutions to invest more money in cryptocurrencies, and make it much easier for consumers to buy products with the cryptocurrency. The venture, announced to much fanfare in August 2018, has lined up big-name backers, including Starbucks Inc. and Microsoft Inc.The goal is to have Bakkt serve as backbone of digital payment infrastructure at retailers starting in 2020, Loeffler said.Bakkt had faced months of delays amid skepticism from the CFTC officials around how clients’ tokens would be stored, and thus safeguarded from possible theft and manipulation, according to people familiar with the matter. The concerns prompted ICE to seek the license from New York.While ICE’s Bakkt futures won’t be the first Bitcoin futures to be listed on a major U.S. derivatives exchange, they could be the most significant for the burgeoning crypto industry. CME Group Inc. and Cboe Global Markets Inc. launched contracts in December 2017 that pay out in U.S. dollars on expiration, not actual Bitcoin. The Cboe no longer offers them.When Bakkt’s one-day and one-month contracts expire they would pay out in Bitcoin tokens instead of U.S. dollars. The futures will be exchange-traded on ICE Futures U.S. and cleared on ICE Clear US, which are federally regulated by the CFTC.Bitcoin erased losses of as much as 6% to trade little changed at about $10,400 after the announcement. The largest cryptocurrency has dropped about 13% this week. It traded around $7,400 when the the venture was first announced.(Adds comments from Bakkt CEO in fourth and fifth paragraphs.)\--With assistance from Olga Kharif.To contact the reporter on this story: Ben Bain in Washington at bbain2@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • E*TRADE's (ETFC) July 2019 DARTs Increase 1% From June
    Zacks

    E*TRADE's (ETFC) July 2019 DARTs Increase 1% From June

    E*TRADE's (ETFC) Daily Average Revenue Trades (DARTs) of 255,423, for July, mark an increase of 1% from the prior month.

  • Schwab Declines 3% as July Net New Assets Fall Sequentially
    Zacks

    Schwab Declines 3% as July Net New Assets Fall Sequentially

    Decline in new asset balance is likely to hurt Schwab's (SCHW) financials going forward.

  • How to Trade Unicorns Before They IPO
    Zacks

    How to Trade Unicorns Before They IPO

    A growing herd of unicorns and their founders and investors are finding liquidity without rushing to IPO

  • Read This Before Buying Nasdaq, Inc. (NASDAQ:NDAQ) For Its Dividend
    Simply Wall St.

    Read This Before Buying Nasdaq, Inc. (NASDAQ:NDAQ) For Its Dividend

    Could Nasdaq, Inc. (NASDAQ:NDAQ) be an attractive dividend share to own for the long haul? Investors are often drawn...

  • Introducing Intercontinental Exchange (NYSE:ICE), The Stock That Zoomed 137% In The Last Five Years
    Simply Wall St.

    Introducing Intercontinental Exchange (NYSE:ICE), The Stock That Zoomed 137% In The Last Five Years

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

  • Interactive Brokers (IBKR) Down 7.5% Since Last Earnings Report: Can It Rebound?
    Zacks

    Interactive Brokers (IBKR) Down 7.5% Since Last Earnings Report: Can It Rebound?

    Interactive Brokers (IBKR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Thomson Reuters StreetEvents

    Edited Transcript of VIRT earnings conference call or presentation 8-Aug-19 11:30am GMT

    Q2 2019 Virtu Financial Inc Earnings Call

  • This Top-5 Cannabis Grower Applies for Nasdaq Listing
    Motley Fool

    This Top-5 Cannabis Grower Applies for Nasdaq Listing

    A well-known marijuana stock appears to be headed to the Nasdaq.

  • Surprise! This Pot Stock Withdrew Its Plans to List on the Nasdaq
    Motley Fool

    Surprise! This Pot Stock Withdrew Its Plans to List on the Nasdaq

    Despite being approved to list its shares on the Nasdaq, this niche cannabis stock has chosen to stay on the over-the-counter exchange.

  • Thomson Reuters StreetEvents

    Edited Transcript of CBOE earnings conference call or presentation 2-Aug-19 12:30pm GMT

    Q2 2019 Cboe Global Markets Inc Earnings Call

  • Why TMX Group (TSX:X) Jumped 12% This Week
    The Motley Fool

    Why TMX Group (TSX:X) Jumped 12% This Week

    TMX Group’s (TSX:X) better-than-expected earnings led to a spike in its market value this week. However, the growth spurt is far from over.

  • Top Research Reports: Bristol-Myers, CME Group, Chubb & More
    Zacks

    Top Research Reports: Bristol-Myers, CME Group, Chubb & More

    Top Research Reports: Bristol-Myers, CME Group, Chubb & More

  • PRA Group's (PRAA) Q2 Earnings Beat Estimates, Fall Y/Y
    Zacks

    PRA Group's (PRAA) Q2 Earnings Beat Estimates, Fall Y/Y

    PRA Group's (PRAA) second-quarter earnings gain traction from higher revenues.

  • Virtu Financial Inc (VIRT) Q2 2019 Earnings Call Transcript
    Motley Fool

    Virtu Financial Inc (VIRT) Q2 2019 Earnings Call Transcript

    VIRT earnings call for the period ending June 30, 2019.

  • Why Virtu Financial Stock Plunged Today
    Motley Fool

    Why Virtu Financial Stock Plunged Today

    Calmer markets weighed on the trading firm's profits.

  • Bloomberg

    Virtu Falls on Trading Profit Worries; Tradeweb Also Drops

    (Bloomberg) -- Shares of Virtu Financial Inc. plummeted 18% on Thursday to the lowest since December 2017 after reporting results that raised questions about volatility and the profitability of trading. Tradeweb Markets Inc. also fell 3.5% to the lowest since early July, despite its better-than-expected earnings.Virtu’s second-quarter profit missed the lowest analyst estimate, while CEO Douglas Cifu on the company’s conference call said that “market volume in this quarter presented one of the lowest market making opportunities in many years,” including “significantly less retail engagement.”Cifu also said he hoped President Trump would keep tweeting -- which can spur volatility -- as “that’s a good thing for our business.” August, which has featured an increase in U.S.-China trade tensions after Trump tweeted about higher tariffs, has seen a “material increase” in volatility after July’s market conditions were similar to those in the second quarter, Cifu said.Virtu’s trading activity fell in a “muted environment,” though August has so far been better, Jefferies’ analyst Daniel Fannon wrote in a note. Compass Point’s Chris Allen wrote that “we were expecting a soft quarter, but even in that context results were disappointing.”Shares of Tradeweb, an electronic trading platform that trades Treasuries, bonds and derivatives, initially rose after its second-quarter revenue and adjusted earnings per share topped analysts’ estimates. Yet, the stock erased the gain to fall as much as 5% by mid-morning.On his conference call, Tradeweb CEO Lee Olesky said the company reported record results amid “a challenging environment for trading in a market characterized by low volatility.”“Wholesale and institutional channels are much more active in volatile movements and we expect to continue to see that,” Olesky said on the call. Retail brokers, however “tend to be less inclined to buy bonds at the same clip as other sectors during bouts of volatility.”Citi analyst Ben Herbert noted that Tradeweb’s July equities average daily volume of $5.3 billion missed his estimate of $6.4 billion. Overall, he found “not much to dislike” in the results.Retail broker clients account for only about 10% to 12% of revenue, according to Tradeweb. Equities accounts for 4% to 5% of total revenue, the company said.Exchange stocks, including Intercontinental Exchange Inc., Cboe Global Markets Inc. and CME Group Inc. underperformed financial stocks as a whole on Thursday, as did trading-sensitive Goldman Sachs Group Inc. In Canada, though, Toronto Stock Exchange parent TMX Group rose to a record high.The worst performer -- and only decliner -- in the S&P 500 Financials Index early Thursday afternoon was Charles Schwab Corp., which extended losses for a second day after Fidelity said it would automatically direct investors’ cash into higher yielding options.(Adds size of retail and equities business in seventh paragraph. A previous version of this story corrected an analyst name and details of the results.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Courtney DentchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.