Larry Tabb Sees Big Problems With IEX Exchange Approval

Leading market structure consultant Larry Tabb, CEO and founder of the Tabb Group, is not nuanced in his thoughts about what will occur with market makers and high frequency trading participants after the Securities and Exchange Commission approved the IEX exchange application, and it isn’t pretty. In a report out Monday he lists eight predictions as to what is likely to occur in the future and notes that a legal challenge to a regulator is not one of the likely outcomes.

SEC approves IEX, sets minimum trading delay at one millisecond

In a report out one trading day after IEX won approval to become an exchange, Tabb, who had opposed the move, said that investors will be sorry.

After a long battle, IEX...