SAN FRANCISCO (MarketWatch) — The New York Stock Exchange, should it
follow through on a report that suggests it will introduce a midday
stock auction, isn’t going to incur the wrath of Michael Lewis, who’s
latest book, “Flash Boys,” argued that high-speed trading has rigged the
markets against regular investors.
But the Big Board, now a unit of Intercontinental Exchange Inc. ICE, +0.42% , isn’t exactly doing regular retail investors a favor. Its plan to create a midday auction will match big institutional sellers’ bids and offers for big blocks of shares in a bid to win more business away from dark pools where the same process happens off the tape and anonymously.
Read More at Click here / www.trade4x.net
But the Big Board, now a unit of Intercontinental Exchange Inc. ICE, +0.42% , isn’t exactly doing regular retail investors a favor. Its plan to create a midday auction will match big institutional sellers’ bids and offers for big blocks of shares in a bid to win more business away from dark pools where the same process happens off the tape and anonymously.
Read More at Click here / www.trade4x.net
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