IEX has said that it will not move on the design of its signature “speed bump” that aims to combat some HFT techniques. The firm is also looking at how high-frequency traders can be more transparent about their trading strategies. Exchanges including NYSE and Nasdaq and funds including Citadel have written to the SEC objecting to approval being granted while a number of institutional asset managers have backed the platform's application.
IEX has said that it will not move on the design of its signature “speed bump” that aims to combat some HFT techniques. The company is waiting to hear whether the SEC will grant it approval to become a fully-regulated exchange, a move that has split other market participants and triggered calls from lawmakers for market rules to be amended. Exchanges including NYSE and Nasdaq and funds including Citadel have written to the SEC objecting to approval being granted while a number of institutional asset managers have backed the platform's application.