Re:Nanex Gets $700k Whistleblower Award from SEC
by nanexllc on Saturday March 05, 2016 @07:49PM
(#11231907)
Internalizers use both. The give retail the slower price, and buy and sell on their own account at the faster price. Nanex has uncovered a document from the NYSE stating that this is the case.
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Re:Nanex Gets $700k Whistleblower Award from SEC
by consz on Saturday March 05, 2016 @08:00PM
(#11231945)
Let me be more clear -- if internalizers are regulated to use anything, why aren't they regulated to use the direct feeds specifically? If the regulation specifically allows them to use the SIP, that seems to be a failure of the regulation itself.