IEX Pushes Back on Options-Exchange Criticism
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IEX Pushes Back on Options-Exchange Criticism
IEX Group is pushing back on the latest round of criticism that its planned options exchange would harm retail investors. At issue is IEX’s Options Risk Parameter, a mechanism that would cancel or adjust certain price quotes in certain market conditions. IEX says the aim is to reduce latency arbitrage – a strategy used by some speed-oriented market participants to take advantage of stale quotes – and thus improve market quality and help end-use…
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