24 August 2017

Co-Authors

Justin Schack

Managing Director    

Anish Puaar

Vice President    

Rosenblatt Securities Inc.    
New York +1 212 607 3100    

TRADING TALK
Rosenblatt's Market Structure News Digest

'Flash Boys' Exchange IEX Aims to Price Out Predatory Traders
—Reuters

IEX Group Inc plans to push what it views as predatory trading strategies out of the market by raising fees for firms that cash in on stale prices, the stock exchange operator said on Friday.

Our Take: IEX’s proposal to charge higher fees to price takers it deems toxic may be geared toward boosting displayed liquidity as it pursues corporate listings. The exchange’s current structure stems in large part from its early days as a dark pool that was designed to protect non-displayed, institutional orders from adverse selection…

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