![]() IEX, whose founder was made famous in Michael Lewis’ Flash Boys: A Wall Street Revolt with his claim that “markets are rigged,” runs orders through an extra-long fiber optic cable that delays the market for 350 microseconds (there are 1,000 microseconds in a millisecond). As the rules stand right now, every exchange is required to make quotes available to the market “immediately,” meaning that no exchange can purposefully delay a quote.īut one exchange hopeful – IEX Group, Inc. The issue at stake is whether one millisecond is insignificant – or as the SEC terms it, de minimis – to electronic markets. Yet, right now, the SEC is considering a new rule that would destabilize electronic markets and further undermine public confidence in our capital markets. ![]() With near-zero interest rates crushing retirees and savers, it might be hard to find a worse time for Americans to be sheltered in low-interest bonds and cash.Īgainst this backdrop, the Securities and Exchange Commission’s (SEC) mission to “protect investors, maintain fair, orderly and efficient markets and facilitate capital formation” has never been more critical. It often indicates a user profile.Īn April Gallup study suggested that just 52 percent of Americans own stocks, matching an all-time low and down from 65 percent in 2007. ![]() ![]() Account icon An icon in the shape of a person's head and shoulders. ![]()
0 Comments
Leave a Reply. |