Perhaps one of the more historic public fights in “Wall Street” history might be coming to a conclusion. The impending Securities and Exchange Commission approval or disapproval of the “Flash Boys” stars and their IEX Exchange, founded by Brad Katsuyama, is reaching a higher crescendo, if such a point in this emotionally charged battle is possible. Key variables being considered are the advent of a “speed bump” to slow down trading from the stand point of market security, what is permissible under SEC rules known as “Reg NMS” and, perhaps a guiding principle: what is in the best interest of long-term investors? But a key…
On This Page
- IEX "speed bump," the meaning of SEC regulations and core principle of putting the investor first are being decided by SEC
- When Wall Street issues are settled behind the scenes, they often lead to financial self-interest winning in the shadows
- "Reg NMS" has two parts, a primary ruling where the word "microsecond" is not used to define a speed limit, and a supplemental component where language indicates that exchanges are advised to dispense market information without delay
- Voice to those opposing IEX: Creates an unfair advantage, violates Reg NMS and could damage market structure
- A cage match worth the price of admission: Eric Hunsader vs Larry Tabb
- Does the IEX speed bump even matter?
- Analysis and opinion: IEX and a unique moment in Wall Street history
- Brad Katsuyama speaks: How history would have been different if a spotlight was not present
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
Comments are closed.