Exclusive: IEX eyes stock exchange status as firms come knocking

vendredi 4 avril 2014

Author Michael Lewis smiles during an interview at Reuters regarding his book about high-frequency trading (HFT) named "Flash Boys: A Wall Street Revolt," in New York The upstart stock trading venue featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned, IEX Group Inc's chief executive said on Friday. "Flash Boys" hit the stands on Monday and unleashed a fierce debate over the fairness of the U.S. stock market, which the book characterized as rigged in favor of high-speed traders who use their advantages to bilk the system for billions. The book also thrust IEX, and its CEO, Brad Katsuyama, former head of electronic trading at a unit of Royal Bank of Canada, in New York, into the spotlight. "We've been getting interest from corporate clients about listings and I think that definitely increases our interest in looking at becoming an exchange earlier than thought," Katsuyama said in an interview.








via Business News - Yahoo Finance http://ift.tt/1gXImGQ

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