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It’s nice to see the regulators get it right following theSEC or Securities and Exchange Commission decision to grant stock exchangestatus to IEX Group, the startup that looks to disrupt the HFT or HighFrequency Trader crowd with a 35 millisecond quote delay.  This should in theory prove to be a boom forbusiness as institutional investors will be keen to avoid getting front run bythe HFT bunch.  Incidentally frontrunning or the reordering of trades for someone’s benefit is patently againstthe rules yet for the HFT crowd it’s standard operating procedure.  Ideally these rules and the bonafide quoterules would be aggressively enforced negating HFT but it looks like we’ll getthe next best thing in IEX, good luck to them and their new exchange.

This is Caleb Lawrence Registered Investment Adviser ScottsValley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call metoll free at 888-RICH PIG / 888-742-4744.

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Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.

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