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So, even though the article was an advertisement for IEX, you still didn't answer the question of whether they really are offering a great service to level the

• kasey_junk 13y ago
  I have never used their service or even traded equities as an HFT, so I won't comment on their specific implementation/value add. That said, A) I reject the entire premise that the current markets are tilted against large institutional investors. or B) that a large purchase order from such an investor shouldn't move the market price. Large block transactions move the markets not because of nefarious poorly understood bogey man algorithms, but because of basic market forces. This has been the case long before HFT came on the seen. That an execution trader at a major financial institution getting paid a million dollars of client fee money didn't know this is pretty appalling. I will say I think their marketing is brilliant. Most other dark pools get painted with the same murky brush as HFT. That a dark pool backed by billionaire investors and Goldman Sachs can position themselves as defenders of the little guy is really impressive. Their long fiber cable gimic is also really nice showmanship.