The proposed merger between BATS Global Markets and Direct Edge Holding Corp. would create the second-largest U.S. exchange, and that volume is key to the combined entity’s future growth.
Scale is becoming more important than ever in the stock exchange business. About 65 U.S. exchanges all are competing based on price per trade.
“It’s a tougher game now because there isn’t that much money in trading fees anymore,” said Thomas Caldwell, chairman and CEO of Toronto-based Caldwell Securities…
The proposed merger between BATS Global Markets and Direct Edge Holding Corp. would create the second-largest U.S. exchange, and that volume is key to the combined entity’s future growth.
Scale is becoming more important than ever in the stock exchange business. About 65 U.S. exchanges all are competing based on price per trade.
“It’s a tougher game now because there isn’t that much money in trading fees anymore,” said Thomas Caldwell, chairman and CEO of Toronto-based Caldwell Securities…