{"id":1325,"date":"2019-10-21T17:56:58","date_gmt":"2019-10-21T17:56:58","guid":{"rendered":"https:\/\/resources.velox-global.com\/?p=1325"},"modified":"2019-11-12T22:13:35","modified_gmt":"2019-11-12T22:13:35","slug":"dave-herron-of-velox-clearing-on-cheddar-about-zero-trading-fees","status":"publish","type":"post","link":"https:\/\/resources.velox-global.com\/index.php\/dave-herron-of-velox-clearing-on-cheddar-about-zero-trading-fees\/","title":{"rendered":"Dave Herron of Velox Clearing on Cheddar about Zero Trading Fees"},"content":{"rendered":"\n<h2>A slight tilt has occurred recently in the financial world, and the people behind it are shaking things up&#8230; but at what cost?<\/h2>\n\n\n\n<p>Published October 21, 2019 5:56pm<\/p>\n\n\n\n<p>The race to zero-commission in the world of trading is swift and it is coming fast. David Herron, Board Member at Velox Clearing and former CEO of the Chicago Stock Exchange joined Cheddar to discuss what has led to this moment, how trading is seen as a commodity, and how is it reshaping the financial world.<\/p>\n\n\n\n<p>In this month alone, four major brokers got rid of stock trading commissions:<strong>InteractiveBrokers<\/strong>&nbsp;(NASDAQ:IBKR),&nbsp;<strong>CharlesSchwab<\/strong>&nbsp;(NYSE:SCHW),&nbsp;<strong>TDAmeritrade<\/strong>&nbsp;(NASDAQ:AMTD),&nbsp;and&nbsp;<strong>E*Trade<\/strong>&nbsp;(NASDAQ:ETFC)&nbsp; got rid of stock trading commissions, creating a major shake-up in the brokerage industry.<\/p>\n\n\n\n<p> In this&nbsp;<em>Cheddar News<\/em> clip, David Herron joins Cheddar to discuss what this news means to individual investors, the power behind the decision, and what it means to the brokerage industry as a whole. <\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/cheddar.com\/media\/what-the-race-to-zero-trading-fees-means-for-financial-system\/player?autoplay=false\" width=\"820\" height=\"461\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A slight tilt has occurred recently in the financial world, and the people behind it are shaking things up&#8230; but at what cost? Published October 21, 2019 5:56pm The race to zero-commission in the world of trading is swift and it is coming fast. David Herron, Board Member at Velox Clearing and former CEO of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1360,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[13],"tags":[88,85,89,90,15],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2019\/10\/daveherron-cheddar.png?fit=1921%2C1066&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8AEHO-ln","jetpack-related-posts":[{"id":1290,"url":"https:\/\/resources.velox-global.com\/index.php\/velox-clearing-launches-correspondent-clearing-and-prime-brokerage-services-publicly\/","url_meta":{"origin":1325,"position":0},"title":"Velox Clearing Launches Correspondent Clearing and Prime Brokerage Services Publicly","date":"October 18, 2019","format":false,"excerpt":"Tech-driven firm Velox Clearing to support back-office and cost efficiency; enhance service for small and mid-sized firms ANAHEIM, CALIF. (PRWEB)\u00a0OCTOBER 14, 2019 Velox Clearing\u00a0(\u201cVelox\u201d), a technology-forward provider of clearing solutions to some of the financial industry\u2019s most agile firms, today announced its official launch. Led by a team of clearing\u2026","rel":"","context":"In &quot;Blog&quot;","img":{"alt_text":"laguna-beach-orange-county-clearing-prime-brokerage-firm-location-broker-dealer","src":"https:\/\/i0.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2019\/05\/Laguna-Beach-5.jpg?fit=1200%2C676&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1610,"url":"https:\/\/resources.velox-global.com\/index.php\/how-to-choose-a-clearing-firm-a-2020-guide-for-roboadvisors\/","url_meta":{"origin":1325,"position":1},"title":"How to Choose A Clearing Firm: A 2020 Guide for Roboadvisors","date":"January 16, 2020","format":false,"excerpt":"January 16, 2020 7:00 am by Walter Peczon On May 1st, 1975, the earth underneath 11 Wall Street shook. At first, tremors were expected leading up to this day, but no one expected a full quake. On May Day 1975, the Securities and Exchange Commission introduced extensive securities regulation reform\u2026","rel":"","context":"In &quot;Blog&quot;","img":{"alt_text":"stock-market-robo-advisor-phone-with-mac-laptop-velox-clearing-pexels","src":"https:\/\/i0.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2020\/01\/austin-distel-stock-market-phone-with-laptop-unsplash.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1582,"url":"https:\/\/resources.velox-global.com\/index.php\/velox-clearing-sponsors-94th-annual-mid-winter-meeting-for-sta-chicago\/","url_meta":{"origin":1325,"position":2},"title":"Velox Clearing Sponsors 94th Annual Mid-Winter Meeting for STA Chicago","date":"December 13, 2019","format":false,"excerpt":"Velox Clearing sponsors 94th Annual Mid-Winter Meeting for STA Chicago ANAHEIM, CA -- December 13, 2019 \u2013 STA Chicago (\u201cSecurity Traders Association of Chicago\u201d), a leading trade organization for individual professionals in the securities industry that works to improve the ethics, business standards and working environment for its members, announced\u2026","rel":"","context":"In &quot;Blog&quot;","img":{"alt_text":"apartment-apartment-building-architecture-building-323705-pexels","src":"https:\/\/i0.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2019\/12\/apartment-apartment-building-architecture-building-323705.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1797,"url":"https:\/\/resources.velox-global.com\/index.php\/cause-and-effect-how-market-volatility-breeds-innovation\/","url_meta":{"origin":1325,"position":3},"title":"Cause and Effect: How Market Volatility Breeds Innovation in Tech and Finance","date":"May 22, 2020","format":false,"excerpt":"by Walter Peczon, EVP of Sales The global economy is teetering within unstable financial markets. \u00a0 As world financial indices first began to down-turn in March, market events and regulatory updates have kept investors on edge, and the gap between worry and hope has narrowed. However, in some cases, \u00a0market\u2026","rel":"","context":"In &quot;Blog&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2020\/05\/rick-tap-wall-street-new-york-sign-unsplash.jpg?fit=1200%2C801&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1685,"url":"https:\/\/resources.velox-global.com\/index.php\/velox-clearing-appoints-michael-higgins-as-ceo\/","url_meta":{"origin":1325,"position":4},"title":"Velox Clearing Appoints Michael Higgins as Chief Executive Officer","date":"February 18, 2020","format":false,"excerpt":"Brokerage industry leader to spearhead firm\u2019s continued growth and development February 18, 2020 7:00 am by Michael Higgins ANAHEIM, CA \u2013 February 18, 2020 -- Velox Clearing, LLC (\u201cVelox\u201d), a technology-forward clearing firm, today announced the appointment of brokerage industry veteran Michael Higgins as its Chief Executive Officer. Mr. Higgins\u2026","rel":"","context":"In &quot;Blog&quot;","img":{"alt_text":"michael-higgins-velox-clearing-ceo","src":"https:\/\/i1.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2020\/02\/higgins-website-photo.jpg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1754,"url":"https:\/\/resources.velox-global.com\/index.php\/how-to-launch-a-roboadviser-6-convenient-lessons-we-learned\/","url_meta":{"origin":1325,"position":5},"title":"How to Launch a Robo-Adviser: 6 Convenient Lessons We Learned","date":"April 22, 2020","format":false,"excerpt":"by Walter Peczon, EVP of Velox Clearing Does your business need to expand its financial services offering? Whether you're a broker-dealer or a registered investment adviser, one tangible product you must consider is a Robo-Adviser to become more competitive and relevant in today\u2019s marketplace. Through a well-developed strategy, the successful\u2026","rel":"","context":"In &quot;Blog&quot;","img":{"alt_text":"man-on-laptop-stocks-with-iphone-robo-advisor-velox-clearing","src":"https:\/\/i1.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2020\/01\/man-on-laptop-stocks-with-iphone-robo-advisor-velox-clearing.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts\/1325"}],"collection":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/comments?post=1325"}],"version-history":[{"count":13,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts\/1325\/revisions"}],"predecessor-version":[{"id":1574,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts\/1325\/revisions\/1574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/media\/1360"}],"wp:attachment":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/media?parent=1325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/categories?post=1325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/tags?post=1325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}