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Nasdaq Threatens SEC Over Competitors' 'Speed Bump'
Thursday, May 19, 2016 - 3:45pm | 639In an increasingly intense standoff by the old school exchanges and the new cabal of electronic communication networks (ECN) against IEX's speed-bump, Nasdaq has threatened to sue the Securities and Exchange Commission, according to Wall Street Journal. IEX has been a thorn in the side of...
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Restricting Prop Trading Causes Everyone To Lose
Thursday, December 2, 2010 - 2:48pm | 48William O'Brien is speaking at the Bloomberg 2010 Hedge Fund Conference and he is saying that removing proprietary trading is detrimental to everyone. He refutes the idea that investing is a zero sum game because of time horizons and the loss of liquidity which prop trading gives, hurts everyone.