As any industry or even relationship extends over time, it evolves, changes. The criteria for what was acceptable or drove success in the early stages of development becomes more nuanced if not outright discarded. Such is the plight of high frequency trading and the market making industry. Here perhaps at a speed never before witnessed in history the rules of the game are being re-written and winners and losers trade places at microsecond speed.
New Tabb Group analysis reviewed by ValueWalk considers how the advent of the “IEX Speedbump” and other methods to slow down trading are creating both opportunities and challenges. In a US Equities report titled “Speed II: Have We Reached a Tipping Point?” Tabb Group founder...

