IEX Swings Back At Exchange Establishment

The “Flash Boys” stock exchange is fighting back against the entrenched exchange establishment, many of whom have filed various comment letters with the Securities and Exchange Commission. In a comment letter published on the SEC website Tuesday afternoon, the IEX Exchange defended the most controversial aspects of its exchange proposal and lashed out at rival Nasdaq and New York Stock Exchange and their “mindless speed-based philosophy.”

IEX “speed bump” at the center of exchange dispute, cannot buy preferential access

The 31-page letter from IEX General Counsel Sophia Lee to the SEC was at times harsh to the gauntlet of established exchange participants...