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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Sunday, June 12, 2016

IEX CHIEF: Stock exchanges are overcharging investors by billions of dollars

[Ferrari NYSE]Data is becoming big business on Wall Street. Stock exchanges, having seen their trading revenues dry up, are now making the most of the reams of data they collect as key trading venues. It is a booming industry. BCG estimates that growth in electronic trading, the use of central clearing, and increased demand for market information and analytics will drive the revenue pool for information providers and exchanges to $125 billion by 2020. That would represent 19% of the total finance revenue pool, up from just 8% in 2006.  The exchanges' business model is changing as a result. They are beginning to look more like subscription businesses, earning money from data feeds and access charges and the like, rather than commission businesses, where they make money from trades.  That has some people concerned that exchanges are charging too much for the data, and in effect have a monopoly.  Larry Tabb, founder and CEO of consultancy Tabb Group, sounded the alarm in January with a Bloomberg View column titled 'Stock Exchanges are eating your returns.' The short of it is that market participants have no choice but to pay for the data, putting exchanges in a position where they can keep jacking up the prices.  Business Insider sat down with Brad Katsuyama, CEO and cofounder at IEX, last week and he weighed in on the issue: My general sense is that exchanges are charging the industry that they serve many, many multiples, many billions of dollars more than they should for the services they provide. Katsuyama added: It is kind of funny in a way, because who actually creates the content? It is the banks and brokers. The exchanges have put themselves in this interesting position where they don't create any original content, but they control the distribution of that, and people have a regulatory obligation to buy that data. Market data is one of the touchiest subjects in the industry, and we're on the side of the industry. The prices are egregious. What the exchanges are charging is going to change. It is funny because information in general, in other industries, is becoming more free. SEE ALSO: KATSUYAMA: 'WALL STREET WILL BE DISRUPTED BY PEOPLE WORKING ON WALL STREET' SEE ALSO: THE SEC IS ABOUT TO WEIGH IN ON THE BATTLE THAT IS DIVIDING WALL STREET Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted


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No guy should wear board shorts to the beach - here's what you should wear instead

. NOW WATCH: FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted


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Transylvania professor in Greece to explore ancient shipwrecks

Summer break is a welcome opportunity for teachers and students alike to take a break and enjoy some of their favorite activities. For Chris Begley, associate professor and director of the anthropology and sociology programs at Transylvania University ...


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Order of Omega, Greek honors society, inducts 91 new members

… Interfraternity Council, Panhellenic Council, Multicultural Greek Council and the National Pan-Hellenic … of Greek members who are in the top three percent of Greek organizations. Claudia Shamp, director of Greek life, said …


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In Jolt to Israel, Greece Will Officially Recognize Palestinian State

While wooing Israel for energy deals and better ties, Greece's government is reportedly planning to officially recognize the State of Palestine.


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ZDK members attend convention

"On a personal note, I had the privilege of instructing in GREECE in 1993 and '94 as a guest of Michael Kossivakis, who will be the host of the 2018 WKF ...


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Greek Australians ask GREECE'S government not to tax paternal houses in GREECE

The Greek Diaspora of Australia will send a letter of remonstration to the Greek government requesting their paternal properties in GREECE not be taxed ...


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GREEK Main Opposition VP: The government cannot avoid elections

"The possibility of elections is open; the government cannot avoid them," New Democracy (ND) vice president Costis Chatzidakis said in an interview ...


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EU Commissioner Avramopoulos stresses need for GREEK Constitution review

EU Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos on Sunday in an article published at kathimerini.gr stressed the ...


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25 incredible waterfront cities around the world

_See story here »_ NOW WATCH: FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted


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Greek Orthodox Cypriots Visit Cathedral Used as an Icon and Archaeological Museum by Turkish Cypriots

On the occasion of the feast of Apostle Barnabas, known as the founder of the Church of Cyprus, faithful Greek Orthodox patrons visited and prayed on Saturday at the main Cathedral of the historic monastery dedicated to Apostle Barnabas during an annual ...


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Foreign Minister Nikos Kotzias: “Of Course There Was No Genocide of the Chams”

“Of course there was no genocide of the Chams,” Foreign Minister Nikos Kotzias said Sunday  in statements to Mega TV regarding the provocative banners at the Albania – Switzerland football match. Kotzias attributed the new challenge of the Albanian nationalists to the attempt of certain forces in the neighboring country to undermine the dialogue between Greece


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Athens Pride 2016: Demonstrating Proudly for the Right to Love

With music, dancing and plenty of joy, thousands of people in Athens, Greece, of various ages sent out the message that the rights of homosexual people should be equal to heterosexuals during the 12th Annual Edition of Athens Pride. The Pride Festival started with opening speeches in Klafthmonos Square, which were followed with a parade towards


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Deputy Sports Min Kontonis Expresses Concern Over Security in Greek Football

Greek Deputy Sports Minister Stavros Kontonis in a letter to FIFA and UEFA expressed his concern over the issue of security in the Greek football sector and called on them to take the necessary measures in order to find a solution. As he said, the situation in Greek football is “explosive.” He underlined that the


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Kapa Research: ND Ahead by 5.2%, Zoe Konstantopoulou Makes it Back to the Parliament

The latest poll by Kapa Research published in the Sunday edition of “Vima” newspaper, presents two interesting facts regarding the political scene in Greece. The poll showed that Zoe Kontantopoulou‘s newly founded party “Pleusi Elefterias” (Course of Freedom) makes it in the Parliament with 3.2%, while Nea Dimokratia is ahead of SYRIZA by 5.2%. More


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Is the End of the Greek Saga Near?

Have we committed to history the emergency meetings of the Eurogroup, or even the European Council, dedicated to solving the next Greek case – will it have enough money to pay wages and pensions, will it remain in the euro area, will it draw another loan ...


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UN Refugee Agency: $555 Million for Migrant Crisis 'Not Enough'

He explained that 57,000 migrants are now living in GREECE, both on the mainland and on the islands, putting enormous pressure on the country's ...


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GREECE-PIRAEUS PORT-COSCO-VESSEL-PANAMA CANAL

ATHENS, June 12, 2016 - (from L to R) China COSCO Shipping's subsidiary Piraeus Container Terminal (PCT) CEO Fu Chengqiu, captain of COSCO ...


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From left to right: Iranian taekwondo practitioners Sajjad Mardani, Mahdi Khodabakhshi, Kimiya ...

Iranian taekwondo practitioners have demonstrated praiseworthy displays of athletic skills and strength at GREECE Open 2016 and collected five ...


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COSCO's Vessel Departs GREECE for Inaugural Transit through Extended Panama

“I am very excited to be here today to witness the sailing of the ship from GREECE, but also meet the Captain and his crew,” said Administrator Quijano.


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This Ancient Greek Astronomy Computer May Be 1,000 Years Ahead Of Its Time

Since it was discovered in 1900 by divers off the Greek island of Antikythera, a complex clockwork device dubbed the “Antikythera Mechanism” has mystified everyone from archaeologists to UFO enthusiasts. Theories have ranged from it being a simple ...


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Atlanta Greek Picnic Encourages Greek Unity In The Work Place

Shout out to all of the Greeks who came to Atlanta for the 12th Annual Atlanta Greek Picnic. Because of this annual occasion, the Atlanta Greek Picnic inspired a little Greek unity in the work place of CBS Radio. Check out below who at V-103 and WAOK are ...


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Gilas nag-ensayo didto sa Greece

… nga training camp didto sa Greece. Usa kini sa ilang hugot … nga training camp didto sa Greece. Gikan ana, moderitso sab ang …


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Fraport to manage 14 Greek airports

… and a Greek partner company owned by one of Greece’s biggest … 14 airports in Greece under contract to the Greek government. Some details … . Eleven others are on Greek islands, including Crete, Corfu, Kefalonia, Kos, Mitilini, Kykonos …


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Graduation at St. Nicholas Greek Orthodox Church of Flushing, NY

FLUSHING, NY— The William Spyropoulos School Class of 2016 celebrated its graduation at St. Nicholas Greek Orthodox Shrine Church of Flushing, NY on June 10. The 33rd Commencement ceremony began with a prayer led by Father Paul Palesty who read from St. Paul’s First Letter to Corinthians, Chapter 13, “Love is patient and kind, love


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The Dangers of Neo-Marxism in Greece

We are no longer speaking about indications or suspicion, but rather about official statements and the policy of the Greek government. Responsible ministers are emphasizing that the government actions have a “class system” character and that the government’s intention is to take from the haves and give to the have-nots. A neo-Marxist approach is being


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SYRIZA Moves to Ban E-Cigarettes in Public

Greek Health Minister Andreas Xanthos wants to ban electronic cigarettes in enclosed public areas as part of a plan to enforce no smoking laws.


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This 2000 year old computer may have been used for predicting future

A mysterious device called Antikythera Mechanism that was discovered from an ancient ship wreck off the coast of a GREEK island in 1901 was ...


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Five medals for Iran taekwondo team in Greece int'l tournament

Tehran, June 12, IRNA – Iranian athletes on Saturday managed to snatch five medals in the second day of the open 2016 international taekwondo tournament held in Thessaloniki, Greece. By bagging four gold and one silver medals, the number of medals won by ...


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Bring it on home: Greece

Who and where • From left: Shawn, Dawn, Grace and Madeline Williamson of Columbia, Ill., at the Parthenon in Athens, Greece. The trip • The family took a six-night cruise last summer out of Venice, Italy, on Royal Caribbean, stopping in Athens.


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Colorado travel calendar starting June 12, 2016

Friday-June 19 - Denver, GREEK Festival, GREEK food, music and more, Assumption GREEK Orthodox Cathedral; thegreekfestival.com. Friday-June 19 ...


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Foreign Minister Kotzias’ speech on “The importance of Greek-Albanian relations for the wider ...

Thank you very much for the invitation. I also thank you for the kind words that were said. I thank every Albanian man and woman who, through their work, their friendship, their whole presence in Greece, is contributing to the development of my country. Through family and day-to-day ties, they link the two countries. I personally thank every university student from Albania who participated in my classes and seminars and today is prospering here in Albania. I am proud of those students. 700,000 Albanians live in Greece. Of those, 140,000 have taken Greek citizenship. Some 7,000 are now private business...


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Greece is shock: 14-year-old missing boy found stabbed to death near his home

The body of the 14-year-old boy who had been missing since Saturday night was found just two kilometers away from home in the Gefyra area near Thessaloniki. The boy was stabbed to death. The body has at least two stabs in the neck, one at the carotid, caused by a […]


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SYRIZA Protects Illegal Homes from Demolition

Greece's Environment Ministry is planning to reduce penalties for homes unlawfully built and prevent them from being demolished.


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Global tastes at the Jersey Shore: Niko's Trapezi Greek Taverna, Long Branch

Poseidon, the Greek god of the sea, would definitely plunge his fork-shaped trident into htapodi, the chargrilled octopus at Niko's in Long Branch. He then might move on to spear whole fried anchovies and smelts, grilled swordfish or flounder stuffed with ...


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Pregnant Maria Fowler shows off her growing baby bump as she packs on the PDA with boyfriend Kelvin Batey during Greece getaway

She gleefully announced her pregnancy in March. And Maria Fowler is clearly taking to expectant motherhood swimmingly as she exhibited her growing baby bump during a Greek getaway with her boyfriend Kelvin Batey last week. The 29-year-old former TOWIE ...


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GREEK MPs say will recognize Palestine 'soon'

GREEK legislators from the ruling Syriza political party have told members of Palestinian political parties that Athens intends to officially recognize the ...


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Greece not promised land refugees hoped

DIDIMOTICHO, Greece— Europe seemed like the promised land, worth risking their lives to reach. But in a muddy field on the northern edge of Greece, their dreams died. Now, dozens of Syrian refugees are risking their lives again but in the opposite ...


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Fintech could be bigger than ATMs, PayPal, and Bitcoin combined

[A Bitcoin ATM is seen inside a bookstore in Acharnai in northern Athens, Greece June 30, 2015. REUTERS/Dimitris Michalakis ] We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs. No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new financial technology (“fintech”) revolution. The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world:  The most contentious conflicts (and partnerships) will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes: * TRADITIONAL RETAIL BANKS VS. ONLINE-ONLY BANKS: Traditional retail banks provide a valuable service, but online-only banks can offer many of the same services with higher rates and lower fees
 * TRADITIONAL LENDERS VS. PEER-TO-PEER MARKETPLACES: P2P lending marketplaces are growing much faster than traditional lenders—only time will tell if the banks strategy of creating their own small loan networks will be successful
 * TRADITIONAL ASSET MANAGERS VS. ROBO-ADVISORS: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for. As you can see, this very fluid environment is creating winners and losers before your eyes…and it’s also creating the potential for new cost savings or growth opportunities for both you and your company. After months of researching and reporting this important trend, Evan Bakker, research analyst for BI Intelligence, Business Insider's premium research service, has put together an essential briefing that explains the new landscape, identifies the ripest areas for disruption, and highlights the some of the most exciting new companies. These new players have the potential to become the next Visa, Paypal or Charles Schwab because they have the potential to transform important areas of the financial services industry like: * Retail banking
 * Lending and Financing
 * Payments and Transfers * 
Wealth and Asset Management
 * Markets and Exchanges
 * Insurance
 * Blockchain Transactions
 If you work in any of these sectors, it’s important for you to understand how the fintech revolution will change your business and possibly even your career. And if you’re employed in any part of the digital economy, you’ll want to know how you can exploit these new technologies to make your employer more efficient, flexible and profitable.        [BII The Fintech Ecosystem]Thomson Reuters Among the big picture insights you’ll get from this new report, titled _THE FINTECH ECOSYSTEM REPORT: MEASURING THE EFFECTS OF TECHNOLOGY ON THE ENTIRE FINANCIAL SERVICES INDUSTRY_: * Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. * The basic conflict will be between old firms and new—startups are re-imagining financial services processes from top to bottom, while incumbent financial services firms are trying to keep up with new products of their own. * Both sides face serious obstacles—traditional banks and financial services firms are investing heavily in innovation, but leveraging their investments is difficult with so much invested in legacy systems and profit centers. * Meanwhile, startups are struggling to navigate a rapidly-changing regulatory landscape and must scale up quickly with limited resources. * The blockchain is a wild card that could completely overhaul financial services. Both major banks and startups around the world are exploring the technology behind the blockchain, which stores and records Bitcoin transactions. This technology could lower the cost of many financial activities to near-zero and could wipe away many traditional banking activities completely. This exclusive report also: * Explains the main growth drivers of the exploding fintech ecosystem. * Frames the challenges and opportunities faced by incumbents and startups. * Breaks down global and regional fintech investments, including which regions are the most significant and which are poised for the highest growth. * Reveals which two financial services are garnering the most investment, and are therefore likely to be transformed first and fastest by fintech * Explains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it. * Explores the financial sectors facing disruption and breaks them down in terms of investments, vulnerabilities and growth opportunities. And much more. _THE FINTECH ECOSYSTEM REPORT: MEASURING THE EFFECTS OF TECHNOLOGY ON THE ENTIRE FINANCIAL SERVICES INDUSTRY_ is how you get the full story on the fintech revolution. To get your copy of this invaluable guide to the fintech revolution, choose one of these options: * Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP * Purchase the report and download it immediately from our research store. >> BUY THE REPORT The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of financial technology.


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GREEK festival draws crowd despite warm temperatures

Despite warm temperatures, many people are enjoying the annual GREEK Festival, organized by the St. Dionysios GREEK Orthodox Christian Church, ...


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Antikythera Mechanism: Mysteries Of 2100-Year-Old 'Computer' Revealed After Decade-Long ...

“Now we have texts that you can actually read as ancient GREEK, what we had before was like something on the radio with a lot of static,” Alexander ...


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Without Help, Families Face Lonely Search for Europe's Missing Refugee Children

Many missing children are thought to be in GREECE, the EU country that has become the staging post for attempts by refugees hoping to reach ...


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Refugee life at GREECE'S Hara Hotel

Evzoni, GREECE - Tents dot the parking lot and field around the Hara Hotel at a weigh station in this Greek-Macedonian border town. The number of ...


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How to have a stress-free holiday with a BABY: Taking the plunge at a GREEK spa resort that offers ...

Stuck in heavy traffic on the M25 to Gatwick I wondered if a holiday was more trouble than it was worth. The little hope I had of sitting on a sun lounger ...


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Bendites get Greek, grapevine at free dance workshop

When a more upbeat Greek folk song played across the speakers in the Unitarian Universalist Fellowship building in Bend, dance teacher Audrey Adams, 81, threw up her arms and let out a shout. “Opa!” A group of about 20 adults and five young girls held ...


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Before Rio, ancient games in GREECE

NEMEA, GREECE — Fifty-five days before the Olympic Games begin in Rio de Janeiro, athletes from around the world are taking part in a very different ...


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Maltese army denies claims of ill-treatment of refugees in GREECE

The Armed Forces of Malta and Frontex have refuted reports that Maltese officials who are currently deployed in GREECE denied aid to refugees, ...


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Iranian Taekwondokas Claim Four Gold Medals at GREECE Open

Ashourzadeh also defeated Eleftherios Fakinos from GREECE 14-2 in the weight category final and won the gold medal. Mahdi Khodabakhshi seized a ...


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Poland striker Robert Lewandowski doesn't scare us, claims Northern Ireland manager Michael O ...

There was more tension in that GREECE game arguably than there will be tomorrow night because there was so much at stake, so I don't have the ...


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GREEK gods make a comeback in modern-day Hellenic churches

The ancient worship of GREEK gods appears to be returning as churches that espouse adoration for the mythological figures have sprung up in ...


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