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Exchange That Would Counter High-Speed Trade Stirs Debate

Nov 17, 2015 - The New York Times

A proposal to create the first new American stock exchange in five years has set off a fierce debate over how to solve problems created by increasingly complex and high-speed stock markets.

The proposal comes from the Investors Exchange, or IEX, a company that became a symbol of the fight against high-frequency trading detailed in Michael Lewis's book ''Flash Boys.''

Simply put, the application submitted by IEX to regulators in September explains that as an exchange it intends to ...