December 14, 2015
I belive that the IEX should be a protected quote because I want the chance to have my orders as well as the orders of other investors executed on a fair market that does not provide select participants with speed advantages.
I do not want my orders sent to an Exchange that identifies my orders as being from a retail investor (BATS/EDGX, NASDAQ, NYSE). I intend to use the IEX Router because I cant afford to build my own and I do not want my orders subject to latency arbitrage. The fact that Several HFTs are paying hundreds of millions of dollars to retail broker dealers to see/execute retail order flow is all that you really need to know.
Furthermore, I'd love to see the uptick rule reinstated, because I believe market makers as well as HFTs are destroying small public companies by purposefully failing to deliver shares to hold down many small and microcap stocks.