Futures Exchange To Introduce Gold, Silver "Speed Bump" To End HFT Manipulation [zero hedge]
Intercontinental Exchange Inc. (ICE)
Last intercontinental exchange inc. earnings: 4/30 07:30 am
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Source: zero hedge
No sooner had we covered the battle of high frequency traders physically moving infrastructure and microwave towers to gain nanosecond advantages, that we learned that Intercontinental Exchange (ICE) has planned on launching the first ever "speed bump" for the US futures market that would negate some of these advantages. Despite two of the CFTC's five commissioners disagreeing with the decision, the exchange still looks set to impose a split second delay on some trades, according to the Wall Street Journal.Those not in favor of the decision claim that the "speed bump" would unfairly punish firms that rely on their speed advantage. Those in favor, say that it's about time someone did something to stop the HFTs from frontrunning everyone in the futures market. Which is also why some of the largest high frequency trading firms are vocally opposed to the plan.As part of the proposed speed bump, the ICE is looking to introduce a 3 millisecond pause before executing some trades in its gold
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ICE
News
- Intercontinental Exchange (NYSE:ICE) Has Announced A Dividend Of $0.45 [Yahoo! Finance]Yahoo! Finance
- ICE First Look at Mortgage Performance: Serious Delinquencies at Lowest Since Mid-2006 as Foreclosures Drop, Prepayments Rise [Yahoo! Finance]Yahoo! Finance
- ICE First Look at Mortgage Performance: Serious Delinquencies at Lowest Since Mid-2006 as Foreclosures Drop, Prepayments RiseBusiness Wire
- ICE Environmental Contracts Traded the Equivalent of $1 Trillion in Notional Value for the Third Consecutive Year [Yahoo! Finance]Yahoo! Finance
- ICE Environmental Contracts Traded the Equivalent of $1 Trillion in Notional Value for the Third Consecutive YearBusiness Wire
ICE
Earnings
- 2/8/24 - Beat
ICE
Sec Filings
- 4/5/24 - Form 4
- 4/3/24 - Form 144
- 4/3/24 - Form 144
- ICE's page on the SEC website