The brokers abusing captive clients and raking in secret profits by selling customer order flow to HFT abusers, just lost their favorite cash cow. With the approval of IEX as an alternate exchange, customers now have a free market option that puts meaning back in the “best execution’ standard…
Joe Saluzzi, partner at Themis Trading, discusses the decision by the Securities and Exchange Commission to approve IEX Group as a U.S. stock exchange. Here is a direct video link.
;
