December 10, 2015
I support approval of the IEX
A market made up of HFT liquidity is a market without liquidity. Every time a retail buy or sell order is
submitted the bids/offers flicker and change (move away)
faster than it takes me to blink and I end up paying
much higher price or lower price (buy/sell).
A market should be made up of different types of buyers
and sellers with equal access to data, same price points,
no special access or price points only some can execute at.
Why should Etrade charge me $7, sell my order to a broker/hft
that then routes my order through the SIP (DELAY) and executes
faster than that delay at better prices.
I support iEX