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From: "NYSSA SmartBrief" <nyssa@smartbrief.com>
Date: Wed, 24 Dec 2014 06:06:08 -0600 (CST)
To: <mainandwall@aol.com>
Subject: Retail brokers say "tick-size pilot" will cost small investors
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Retail brokers say "tick-size pilot" will cost small investors A Securities and Exchange Commission plan for more minimum trading increments of some small-cap stocks could cost small investors millions, retail brokerages say. The "tick-size pilot" is intended to see whether more trading increments will boost trading by increasing the minimum size between the bid and the ask price of stocks of firms whose market capitalization is $5 billion or less. Reuters (12/23)  | NEW Guide: Top 10 Cash Flow Tips
Sick of missing your cash flow goals? Never miss again by knowing and watching for the main warning signs. Download your new data-backed guide to learn the 10 most important steps to become king of your cash flow and set yourself up to hit your goals. |
 | SEC raps rating agencies The Securities and Exchange Commission has criticized practices of credit rating agencies, such as ignoring methodology when determining ratings, allowing business conditions and market share to influence criteria and sharing nonpublic information with company officers. Bloomberg Businessweek (12/24) Court rejects most investor claims against BNY Mellon A U.S. appeals court has rejected nearly all claims in an investor lawsuit against Bank of New York Mellon. The 2nd U.S. Circuit Court of Appeals said the bank, as trustee for mortgage-backed securities in an $8.5 billion settlement by Bank of America, did not have to confront claims from 25 of 26 trusts that investors said carried risky mortgage loans from Countrywide Financial acquired in 2008 by Bank of America. TheFiscalTimes.com/Reuters (12/23) Future of algorithms lies in quality, not quantity Buy-side traders are moving away from using hundreds of algorithms in favor of a handful of carefully calibrated and customized electronic tools. The transition is driven by vendors offering more options on fewer products, John D'Antona Jr. writes. "One provider likened the process to purchasing a car -- having two or three basic models and then allowing users to check off an options list of what they want," D'Antona writes. Traders Magazine Online (12/23)  | Get Creative: 10 Ways to Think Outside the Box
No matter your business, smart solutions come from out-of-the-box thinking. We all know creativity is king, but are you doing all you can to inspire and encourage creativity in your staff? Read the article and learn 10 ways to inspire creativity at your office. |
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 | SSgA readies ETF focused on U.S. equities State Street Global Advisors has filed with the Securities and Exchange Commission for authorization to market an exchange-traded fund that buys U.S. equities selected through factor-based methodology weighing volatility, quality and value. The SPDR MSCI USA Quality Mix ETF would trade on NYSE Arca. ETF.com (12/22) | SmartBrief will not publish Thursday In observance of Christmas, SmartBrief will not publish Thursday. Publication will resume Friday. |  | You've got to go out on a limb sometimes because that's where the fruit is." -- Will Rogers, American performer and humorist | | | Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions.
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