.350 Microseconds or .00035 sec only slows down other HFTs, Retail is still screwed. Retail need 1 sec speed bump to compete. My computer with internet delays can only trade at 1 sec interval and above.
When the SEC approved IEX, it also approved its most controversial innovation, the “speed bump” that IEX says levels the trading field between high frequency traders and investors. IEX imposes a 350-microsecond delay on orders processed by its trading engine intended to stifle the ability of high frequency traders to take advantage of higher connectivity speeds to beat the rest of the market. 8/19/16
Retail is and will always be screwed but I trust Eric Scott Hunsader who seems to defend IEX. So IMHO it's a good step anyway if Eric says it is 8/19/16
.350 Microseconds or .00035 sec only slows down other HFTs, Retail is still screwed. Retail need 1 sec speed bump to compete. My computer with internet delays can only trade at 1 sec interval and above.
When the SEC approved IEX, it also approved its most controversial innovation, the “speed bump” that IEX says levels the trading field between high frequency traders and investors. IEX imposes a 350-microsecond delay on orders processed by its trading engine intended to stifle the ability of high frequency traders to take advantage of higher connectivity speeds to beat the rest of the market. 8/19/16