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'Flash Boys' IEX stock exchange opens for business

latimes.com

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Re: 'Flash Boys' IEX stock exchange opens for business

#11

Post by waterside81 »

chollida1 wrote: post #4

If you're wondering what IEX becoming a full blown exchange means to you, well it probably doesn't matter at all. They have been operating for some time already as an ATS, today they are now part of the RegNMS protected quote, meaning that up until today, brokers did not have to route orders to them. it also allows them to have companies "list" on their exchange, though I don't know of any companies that are planning…

If I ever chose to invest with K2, it would be entirely because of our contribution to HN. You always make great posts about financial news.

Re: 'Flash Boys' IEX stock exchange opens for business

#12

Post by tuna-piano »

chollida1 wrote: post #4

If you're wondering what IEX becoming a full blown exchange means to you, well it probably doesn't matter at all. They have been operating for some time already as an ATS, today they are now part of the RegNMS protected quote, meaning that up until today, brokers did not have to route orders to them. it also allows them to have companies "list" on their exchange, though I don't know of any companies that are planning…

This is the thing when I see wall street, and specifically high frequency trading vilified. Income inequality, the plight of the middle class, etc has almost nothing to do with that kind of financial maneuvering. Getting rid of high speed trading won't affect the average person really at all - but yet it's constantly vilified.

Re: 'Flash Boys' IEX stock exchange opens for business

#13

Post by esaym »

On the same topic, I've actually set aside a down payment for a house, but I probably won't be buying for another year or so. I'm wondering what is a good way to invest this money since leaving it in the bank at less than 1% interest really isn't doing much.

Re: 'Flash Boys' IEX stock exchange opens for business

#14

Post by lbotos »

esaym wrote: post #13

On the same topic, I've actually set aside a down payment for a house, but I probably won't be buying for another year or so. I'm wondering what is a good way to invest this money since leaving it in the bank at less than 1% interest really isn't doing much.

I feel like some sort of CD or Ladder CD is your best bet, you don't really wanna risk those funds.

Re: 'Flash Boys' IEX stock exchange opens for business

#15

Post by jessedhillon »

esaym wrote: post #13

On the same topic, I've actually set aside a down payment for a house, but I probably won't be buying for another year or so. I'm wondering what is a good way to invest this money since leaving it in the bank at less than 1% interest really isn't doing much.

If that's close to 100% of your worth, I'd guess you want to put it somewhere conservative.

Re: 'Flash Boys' IEX stock exchange opens for business

#16

Post by lbotos »

tuna-piano wrote: post #12
chollida1 wrote: post #4

If you're wondering what IEX becoming a full blown exchange means to you, well it probably doesn't matter at all. They have been operating for some time already as an ATS, today they are now part of the RegNMS protected quote, meaning that up until today, brokers did not have to route orders to them. it also allows them to have companies "list" on their exchange, though I don't know of any companies that are planning…

This is the thing when I see wall street, and specifically high frequency trading vilified. Income inequality, the plight of the middle class, etc has almost nothing to do with that kind of financial maneuvering. Getting rid of high speed trading won't affect the average person really at all - but yet it's constantly vilified.

I think it's vilified because for some reason people think that the HFTraders are "stealing" from them in the form of tax avoidance and their exorbitant incomes.

Re: 'Flash Boys' IEX stock exchange opens for business

#17

Post by davidw »

esaym wrote: post #13

On the same topic, I've actually set aside a down payment for a house, but I probably won't be buying for another year or so. I'm wondering what is a good way to invest this money since leaving it in the bank at less than 1% interest really isn't doing much.

How comfortable are you seeing the value of your investment decline?

Edit: WTF, downvoter: that's entirely what his question comes down to. If he's cool with it, then maybe something riskier might be warranted. If not, then 'sitting in the bank' might be ok.

Re: 'Flash Boys' IEX stock exchange opens for business

#18

Post by harryh »

esaym wrote: post #13

On the same topic, I've actually set aside a down payment for a house, but I probably won't be buying for another year or so. I'm wondering what is a good way to invest this money since leaving it in the bank at less than 1% interest really isn't doing much.

If this is money that you don't want to risk at all (because if you lose some you won't be able to buy the house you want) it's gonna be tough to earn all that much interest in just a year. As lbotos says, you might do a bit better with a CD than your bank account but not by all that much.

If you can stomach a bit of risk you might consider buying something like Vanguard's Total Bond Market ETF.

https://www.google.com/finance?q=BND

Re: 'Flash Boys' IEX stock exchange opens for business

#19

Post by _prototype_ »

chollida1 wrote: post #4

If you're wondering what IEX becoming a full blown exchange means to you, well it probably doesn't matter at all. They have been operating for some time already as an ATS, today they are now part of the RegNMS protected quote, meaning that up until today, brokers did not have to route orders to them. it also allows them to have companies "list" on their exchange, though I don't know of any companies that are planning…

I believe Interactive Brokers has for a while now provided access to IEX, they pass through the fee though per trade.
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