Mutual Funds Promised Haven From Speedsters

May 23, 2012 – By Scott Patterson and Kristen Grind for The Wall Street Journal

A small group of market wonks is planning a trading platform targeting a category of investors they say has been overlooked by traditional stock exchanges: mutual-fund managers.

Led by Bradley Katsuyama, a former head of electronic trading at the Royal Bank of Canada, the group says it is seeking to protect fund managers by excluding so-called high-frequency trading firms, which use powerful computers to jump in and out of markets at lightning speeds.

Mr. Katsuyama, who designed trading systems for RBC that helped clients dodge high-speed traders, hung out his shingle in March along with several colleagues from RBC. Their firm, IEX Group Inc., signed up several employees from exchanges and high-frequency trading firms.

To read the full article please click here.

Advertisements
This entry was posted in Articles, Business, Finance, U.S. Economy, World Economy, World Exchanges and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s