IEX May Not Alter Landscape Much, Securities Attorney Says

June 22, 2016 – Media Mention
Markets Media

Chris Greeley was featured in Markets Media regarding the recent approval of IEX as a full-fledged stock exchange by the U.S. Securities and Exchange Commission. Greeley explained how the addition of the exchange is not likely to drastically alter the trading landscape, saying “IEX expects to pull significant volume from people that want to avoid algo[rithmic] traders, and most traders need to follow volume." He added, "Funds are in an arms race to cut milliseconds off of their algos – that is how they compete against one another, but this slow down only effects that portion of the world. But for all the little people pushing for IEX to level the playing field, it is like arguing changes to cricket rules – the people arguing don’t really understand the rules and the changes don’t affect them.”