Debate Rages on Over Chicago Stock Exchange's Speed Bump

Industry members disagree over the merits of CHX's 350-microsecond speed bump currently awaiting regulatory approval.

speed-bump

It might be a speed bump, but it certainly seems to get people going.

The Chicago Stock Exchange's (CHX) Liquidity Taking Access Delay (LTAD) is meant to slow things down, but in actuality the proposed rule change has amplified the ongoing conversation around the speed of the markets.

LTAD is a 350-microsecond delay that would be applied to all liquidity-taking orders sent to the exchange. The goal of LTAD is to protect market-makers from latency arbitrage.

As was the case with IEX's request

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: