October data show continued inflows for bonds (including riskier fixed-income assets), while investors withdrew money from U.S. stock mutual funds and ETFs.
Michael Iachini of Charles Schwab says investors need the most assistance in narrowing down the expanding investment universe and in trading ETFs effectively.
Nasdaq OMX Group said it hired Bradley J. Peterson as its global chief information officer. Peterson has served in similar capacities at both Charles Schwab & Co. and eBay.