IEX Debate Reaches New Crescendo, Decision Will Pave Future Industry Path

Perhaps one of the more historic public fights in “Wall Street” history might be coming to a conclusion. The impending Securities and Exchange Commission approval or disapproval of the “Flash Boys” stars and their IEX Exchange, founded by Brad Katsuyama, is reaching a higher crescendo, if such a point in this emotionally charged battle is possible. Key variables being considered are the advent of a “speed bump” to slow down trading from the stand point of market security, what is permissible under SEC rules known as “Reg NMS” and, perhaps a guiding principle: what is in the...