Trading

NYSE explores next move to compete with speed bumps

President Thomas Farley again denounces strategy of upstart IEX, which says incumbent exchanges pioneered such practices

NYSE Group President Thomas Farley said the exchange is looking at introducing speed bumps to slow some orders as it seeks to compete with upstart IEX
NYSE Group President Thomas Farley said the exchange is looking at introducing speed bumps to slow some orders as it seeks to compete with upstart IEX
NYSE Group President Thomas Farley said the exchange is looking at introducing speed bumps to slow some orders as it seeks to compete with upstart IEX
NYSE Group President Thomas Farley said the exchange is looking at introducing speed bumps to slow some orders as it seeks to compete with upstart IEX

The New York Stock Exchange and its sister markets are exploring the introduction of speed bumps to slow some orders in a bid to compete with IEX Group, the upstart that won regulatory approval in mid-June for its plan to slow the speed of trading, according to the Big Board’s president.

NYSE Group president Thomas Farley said in an interview; "We will talk with customers and are talking to customers to understand what there is demand for. We're not foreclosing any avenues."

WSJ Logo