The National Stock Exchange reopened with a low cost-model Tuesday, and the new management said it will challenge prevailing industry norms and could save American investors billions if implemented market-wide.
NSX was relaunched after more than a year shutdown due to a lack of trading volume. The exchange will charge 3 cents for each 100 stocks it matches and won’t levy for buy and sell orders posted.
Chief Executive Mark Sulavka said they are unveiling an aggressive model that lowers fees and addresses such concerns regarding debates.
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