Cboe Global Markets Inc. is seeking to introduce a brief delay on one of its markets, becoming the latest U.S. stock-exchange group to attempt to hit the brakes on high-frequency traders, people familiar with the situation said. The plan shows how “speed bumps” have proliferated among U.S. exchanges in recent years, even at market operators that initially opposed them. IEX Group Inc., the upstart exchange featured in Michael Lewis’s book “Flash Boys,” kicked off the trend and has since been followed by the New York Stock...
Cboe Global Markets is considering introducing a brief delay on orders to trade stocks in EDGA, its smallest stock exchange, becoming the latest U.S. exchange operator to implement controls that aim to disrupt high-frequency traders. The company is understood to have presented its plans to a number of major trading firms in recent months, but has yet to file a proposal with the SEC for approval.