IEX
IEX is the US stock exchange that delays every order by 350 microseconds through a coil of fibre, so it can update its own prices before anyone trades against a stale one. The slow exchange by design, and a clean example of why one stock trades on twenty venues.
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In MochaLearnTake the free MochaLearn course on US marketsRelated terms
- Trading haltA trading halt freezes a US stock on every exchange at once. A news halt lets everyone read an announcement before…
- NBBOThe NBBO, national best bid and offer, is the highest bid and lowest ask for a US stock across every exchange at once.…
- Closing auction (official close)The closing auction is the single matched trade at 1:30 AM IST, 2:30 AM in winter, that sets each US stock's official…
- CME GroupCME Group is the Chicago exchange where futures on US stock indices, interest rates, gold, oil and copper trade…
- Order bookAn order book is the list of every resting buy and sell order, bids on one side and asks on the other, sorted by…
- REIT (US)A US REIT is a listed company that owns income-producing property and must pay out at least 90% of taxable income as…