NYSE Attacks IEX Exchange Proposal, "Flash Boys" Hero Responds

When the book “Flash Boys” burst onto the financial scene in early 2014, creating a storm of controversy over “rigged markets” trading everything from Google, Apple and Facebook to General Electric, Ford and Proctor & Gamble. The resulting peak behind the curtain of high frequency trading (HFT) created a firestorm as the battle was characterized as “dirty.” A new shot was fired in that “dirty” battle Thursday, as a public comment letter from the stalwart New York Stock Exchange accused the up and coming hero of “Flash Boys” of not practicing what it preaches. In an exclusive statement to ValueWalk, the "hero" exchange...