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Just out of interest, why all the negativity towards IEX here on HN? Wouldn't it be a good thing for them to compete with the other exchanges?
by randomname2 11y ago
Just out of interest, why all the negativity towards IEX here on HN?
Wouldn't it be a good thing for them to compete with the other exchanges?
- kasey_junk 11y agoI won't speak for all of HN, but what bugs me about them is that they are using scare tactics & misleading story telling to position themselves as the "good guys" in a fight with the "bad" HFT. In reality their business model is to drive uninformed order flow to highly sophisticated hedge funds & to let those hedge funds deny the rest of us price discovery. That said, I don't mind that they exist, I just wish they'd stop acting like they are doing it for the good of the "average" investor (whatever that is).