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> This or something similar was on 60 Minutes a few months ago In that it may involve HFT, it is similar. But otherwise, no. RBC's problem was in failing to
by ycombobreaker 12y ago
> This or something similar was on 60 Minutes a few months ago
In that it may involve HFT, it is similar. But otherwise, no. RBC's problem was in failing to handle latency arbitrage when attempting to execute against all 13-14 exchanges in parallel. Which was solved by Thor, not by IEX. And IEX is a dark pool, not an exchange (quotes are not protected, nor even visible!)
The news here is that SEC is potentially underhandedly running a news service business for earnings traders. I don't think it's much news, but it is quite different from the "Flash Boys" discussion.