Sick And Tired Of Being Frontrun By HFTs? Interactive Brokers Has A Solution

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The real backlash against HFT begins:

INTERACTIVE BROKERS TO OFFER CUSTOMERS ACCESS TO IEX: CNBC

INTERACTIVE CUSTOMERS CAN SPECIFY TRADE BE DONE VIA IEX: CNBC

And from CNBC which broke the news:

  • Interactive Brokers is launching a new service that will for the first time allow retail investors to specify that their orders only go on the new IEX trading platform.
  • IEX, whose founder Brad Katsuyama is the core character in author Michael Lewis's new book "Flash Boys," has said that its structure is designed to keep high-frequency traders from getting ahead of others' orders.
  • IEX, which some have called an exchange, does not post public prices and as such is more like a "dark pool" for private trading.
  • Interactive Brokers is an online discount broker perhaps best known for its founder and CEO, Thomas Peterffy, the Hungarian-born billionaire who stars in the brokerage's commercials.

Should the HFT lobby be worried? Yup.

This is how the Goldman-backed IEX exchange proceeds to slowly take over lit markets, and take all important frontrunnable order flow - the lifeblood of HFTs of course- away from the vacuum tubes.

More about IB here:

IBKR prez

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But it does not say anything about forex trading. And HFT is transferring to forex now. It might save the rest but now forex will be the victim

 
nbtrading:
But it does not say anything about forex trading. And HFT is transferring to forex now. It might save the rest but now forex will be the victim

That is the biggest problem : once they get into forex firmly, nobody will be able to exterminate them. Just a thought : why were the changes in the new metatrader necessary (now when it is obvious that HFT is shifting to forex)?

 

Hi

Is there chance to see a chart whre High frequency trading is occur?For example intraday 5 min..I believed that they are already in forex market but looks like they did not..So guess it is better to know enemy before fight?

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