Citadel HFT shop complains of speed bump from IEX
This all comes from the Flash Boys book IEX
I find it bizarre Citadel is fighting this as they are also a clearing house for the CME (I believe). Is there an equivalent ‘monopolistic’ idea going on here?
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From Bloomberg, Dec 1, 2015, 6:03:43 PM
Citadel LLC is stepping up its criticism of IEX Group Inc., arguing that the company’s plans to start an exchange that tries to level the playing field between firms with the fastest technology and other traders will actually hurt stock markets.
To read the entire article, go to http://bloom.bg/1IC2tEO