Exclusive: An Exchange Exclusively for High-Frequency Traders?

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Michael Levas, second from the right.

High-frequency trading has been discussed, berated and defended ad infinitum, and the traders who employ the practice have been called innovative on one hand, and on the other have been compared to piranhas circling their prey—bits and pieces of block trades—ready to attack faster than the blink of an eye.

For Michael Levas, founder of Olympian Capital Management, this aspect of high-frequency trading has become a major problem. "The ability to trade blocks has become very difficult with HFT. Ob

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