Cboe Global Markets is seeking to introduce a brief delay on one of its markets, becoming the latest US stock exchange group to attempt to hit the brakes on high-frequency traders, people familiar with the situation said.
The plan shows how “speed bumps” have proliferated among US exchanges in recent years, even at market operators that initially opposed them. IEX Group, the upstart exchange featured in Michael Lewis’s book Flash Boys, kicked off the trend and has since been followed by the New York Stock Exchange and others.
