IEX Questions NYSE’s Plan, Intent Behind Speed Bump Proposal
John Ramsay, IEX's chief market policy officer, speaks to WatersTechnology about the issues the exchange sees with NYSE’s plan for implementing a speed bump at NYSE MKT.
Oh, how the tables have turned.
A year ago, the Investors Exchange (IEX) was in the midst of the fight of its life, working to gain regulatory approval from the Securities and Exchange Commission (SEC) to become a national exchange. The process was a constant battle, as several firms, including some exchange operators, submitted comment letters voicing concerns about the potential impact IEX and its 350-microsecond speed bump would have on the wider markets if approved.
Twelve months later
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