Citadel Securities loses ‘Flash Boys’ appeal
A federal court has ruled that the SEC’s decision to approve a controversial type of market order from IEX Group was lawful, in the latest twist of the Flash Boys drama.
A federal court has ruled that the SEC’s decision to approve a controversial type of market order from IEX Group was lawful, in the latest twist of the Flash Boys drama.
A Federal Judge has said the institutional investors behind it could not prove they suffered harm because of the exchanges’ actions.
After a string of M&A deals in the HFT space at the beginning of the year, does it spell an end to the traditional HFT business model? Writes Joe Parsons.