In line with some of the commentary on GXY about fairness in the trading - a new exchange that limits the ability of HFT to front run! Maybe slowly the injustice is being called out?
There's a new U.S. public stock exchange in town... The SEC has finally given approval to IEX Group's request, meaning the "Flash Boys" will be able to challenge the NYSE (NYSE:ICE), Nasdaq (NASDAQ:NDAQ), and Bats Global (BATS:BATS) as the nation's 13th national stock exchange. IEX's "speed bump" delays orders by 350 millionths-of-a-second, but it's enough to protect investors from high-frequency trading which can front-run slower orders on other exchanges.
GXY Price at posting:
49.8¢ Sentiment: Hold Disclosure: Held