December 20, 2015
1. With the savings accounts giving pathetic returns, investors are forced to park their money in the Stock Market. Often individual investors see their price reached (Assuming Limit option for buying) but the trade does not go through I am talking about small quantities of 100 shares...
2. I wonder if that is because of HFT's Order stuffing.
3. Regardless, I want to be able to have the SAME chance as any other investor and I intend to use the IEX Router because I cant afford to build my own and I do not want my orders subject to latency arbitrage.
4. SEC is the trendsetter for the rest of the world, which too has embraced the bad habits from the US. In other words, there is no market that an investor can consider as being FAIR.
5. What boggles the mind is that for the past 8-10 years most of the smartest brains from Ivy Leagues and other Top schools are involved in programming HFT to game the market.
6. How is this helping the world? Don't we have an obligation to leave this world a better place than what we came into?
This may sound as a rant but we as concerned citizens have a duty to the society. Not everyone is aware of how their Mutual Funds/ 401(K) plans are getting ripped off. The least SEC can do is to allow IEX to be an online stock exchange. For too long, a few have enjoyed benefits at the expense of the rest.