Predatory high-frequency traders cost investors billions a year. By exploiting technical quirks in the systems individuals use to trade stocks, they are able to turn huge profits at the expense of savers, retirees, and institutional investors without adding anything to the marketplace.
IEX has proposed a new order type that will help investors fight back against predatory practices in the securities markets.
Better Markets supports IEX’s efforts to protect investors from the tactics of predatory traders.
In a comment letter, Lev Bagramian, Senior Securities Policy Advisor at Better Markets, wrote that the new proposed order type is a “needed first step toward creating a fairer, more efficient marketplace” that will both protect investors and improve liquidity.
Read Better Markets’ complete comment letter.