(CNBC) IEX, or The Investors Exchange, is offering the best “effective spread” for most S&P 500 stocks since its launch last year, according to new figures from Yale. IEX’s battle against high-speed traders was chronicled in Michael Lewis’ “Flash Boys.” Despite this, IEX only has about 2 percent market share.
New Stock Exchange Trying to Thwart High-Speed Traders and Offer Better Prices is Apparently Working
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