Oh dear: death to HFT

[AtW]

Would you like 350 days?

Mitch would

[BrilloPad]

Delay will be a regulatory requirement, I am surprised it's only 350 microseconds, but I guess it's a start.

Would you like 350 days?

[AtW]

There are of the order of around 20 stock exchanges in the US, and many more "dark pools". All this plan for the New York Stock Exchange (NYSE) will do is to move high frequency trading onto the other exchanges, and result in slightly worse prices for those still using the NYSE.

Delay will be a regulatory requirement, I am surprised it's only 350 microseconds, but I guess it's a start.

[GJABS]

There are of the order of around 20 stock exchanges in the US, and many more "dark pools". All this plan for the New York Stock Exchange (NYSE) will do is to move high frequency trading onto the other exchanges, and result in slightly worse prices for those still using the NYSE.

[BrilloPad]

Good. It will make a more level playing field.

[AtW]

"A "speed bum" plan for orders on the New York Stock Exchange
NYSE has said NYSE American will have a similar model as IEX Group's Investors' Exchange

Including a 350-microsecond delay
Except it will have electronic market makers with obligations to ease the trading of NYSE American-listed stocks
U.S. Securities and Exchange Commission approved NYSE's speed bump in a regulatory filing on Tuesday, making it the second U.S. exchange with an artificial delay."

NYSE plans to add a delay of a fraction of a second for incoming and outgoing orders

Where is Churchill when you need him?