The settlement talks follow a U.S. Securities and Exchange Commission inquiry begun more than two years ago into key facets of modern markets, including order types -- or instructions for handling transactions that traders can send to exchanges.
After the book, our stock market, IEX Group Inc., became a topic of discussion -- some positive, some negative, some true and some false. Fair enough. If you're in the spotlight and doing something different, you should take the heat along with the light.
Despite that HFT is nothing new and has been investigated and talked about by industry professional and regulators alike, the recent spotlight has brought renewed attention to it and renewed interest from regulators.