(Bloomberg) Does the U.S. need another stock exchange? There’s no shortage of places to trade: Nasdaq, Cboe Global Markets, and Intercontinental Exchange Inc.’s NYSE division each run multiple public exchanges, and there are dozens of private markets housed inside banks. Even so, a group of Wall Street trading titans has announced plans for a platform that it’s calling the Members Exchange. And despite the crowded field, there’s a good chance it could take off—after all, the owners likely will be among the customers.
Wall Street’s Biggest Traders Are Building Their Own Exchange
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