Squeezing brokers out
Article Abstract:
Portfolio System for Institutional Trading (Posit) offers anonymity for investors and matches sellers and buyers of stocks. Posit charges commission, but is cheaper than the majority of human brokers and uses mid-price rather than bid-offer spreads. Anonymity means that trading can occur without prices being disturbed. Meanwhile, Optimark can put deals together at different prices, and is to be used on the Pacific Stock Exchange in early 1999, and then for Nasdaq stock trading. Garbin Equities offers a similar service to Posit but with more flexibility.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Charitable investing
Article Abstract:
Pep Warehouse has launched a scheme to allow commission rebates to go to charity. The company is a dscount broker of UK personal equity plans (Peps) and investors are given a rebate of some of the commision paid by providers of Peps. Meanwhile, a charity called ShareGIFT allows investors with small numbers of shares to donate them to charity. Donors do not have to pay costs and can nominate a charity, while ShareGift re-registers the shares in the name of a charity.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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