Reported 1 day ago
Virtu Financial has expressed its support for IEX's proposal to create a new U.S. options exchange that aims to enhance competition and transparency by implementing a 350-microsecond delay on trades. This initiative is seen as beneficial for retail investors, despite pushback from market makers like Citadel Securities. Other industry participants, such as the Chicago Trading Company and All Options USA, have also backed the proposal.
Source: YAHOO