![]() Xi) NASDAQ Options Market = 11.50 USD/month X) NASDAQ TotalView-OpenView = 15.00 USD/month If you need level II data, then you should add: Iv) OPRA (US Options Exchanges) = 1.50 USD/month. ![]() Iii) NYSE American, BATS, ARCA, IEX, and Regional Exchanges (Network B) = 1.50 USD/month I) NASDAQ (Network C/UTP) = 1.5 USD/month If you only want all of US equities + options it's this: What market data subscriptions do I need? “With the transition to our firm, Folio Investments’ former clients now will be able to invest in stocks, options, futures, currencies, bonds and funds worldwide from a single, integrated account.”ĭo you have a news tip you’d like to share with FA-IQ? Email us at. “Interactive Brokers has long been recognized for its advanced technology, superior pricing, and breadth of product,” Interactive Brokers CEO Milan Galik says in a statement. The purchase is expected to add roughly $3 billion in client equity to Interactive Brokers, the firm says. With the sale of Folio Investments’ self-directed brokerage business, roughly 70,000 customers will move to Interactive Brokers, according to the firm’s announcement of the deal. Interactive Brokers to gain 70,000 customers “This acquisition combines Goldman Sachs’ decades of experience providing execution, clearing and custody capabilities to institutional and ultra-high net worth clients with Folio’s state-of-the-art technology offering across the RIA market,” the firm added at the time. This will enhance the firm’s own offerings to RIAs while expanding its client base in that segment,” Goldman said in September when it announced the close of the Folio Financial deal. “Folio Financial has developed a differentiated technology offering that provides institutional grade clearing and custody services to RIAs. Goldman acquired McLean, Va.-based Folio Financial, the parent company of Folio Investments, earlier this year. ![]() Goldman’s take on Folio Financial’s RIA business The sale comes amid a push by Goldman to grow its share of the wealth management business.Īt Goldman’s first-ever Investor Day in January this year, CEO David Solomon said the firm was particularly keen to secure a larger piece of the high-net-worth market, in addition to increasing its business with mass affluent clients by leveraging its Marcus online retail bank.Ī spokesperson for Goldman declined to comment on the latest sale. The decision is surprising given that many of the Goldman’s competitors have moved in that direction, Mason says, pointing to JPMorgan’s launch of You Invest last summer and Morgan Stanley’s recently closed purchase of E*Trade. The sale also suggests that “Goldman really want to go the self-directed trading app route,” adds Mason. “It seems they really are interested in the high-net-worth space.” “It makes sense to me that they want to keep the institutional assets,” says Mason. The firm’s sale of Folio Investments’ self-directed brokerage business reflects its desire to focus on the institutional side and higher-net-worth clients, says Thomas Mason, a research analyst at S&P Global Market Intelligence. The purchase is expected to close in January 2021, according to Interactive Brokers. ![]() Goldman will retain Folio Investments’ clearing and custody services under the terms of the deal, which weren’t disclosed. Goldman Sachs has agreed to sell the self-directed brokerage business of Folio Investments to Interactive Brokers.
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