IEX’s proposed “D-Limit” order type will will protect investors against predatory latency arbitrage trading strategies and help in increasing the liquidity in the market. Currently firms with the most fastest and most up-to-date trading capabilites can and do exploit feautres of the current market infasturcture to turn a profit at the expense of pension funds, instituional investors, and market makers. This new order type is designed to liminate these latency arbitrage trading strategies. Read our full comment letter here, or by clicking the button below.
May 15, 2020
Better Markets Comment Letter on IEX Proposed D-Limit Order Type