Shanny Basar Daily Email Feature IEX Welcomes Ruling on SEC D-Limit Order Approval Share Tweet Share Only posting a portion of the article so I'm adding the link - https://www.marketsmedia.com/iex-we...0Zw&utm_content=221542207&utm_source=hs_email IEX Group welcomed a court ruling in favour of the US Securities and Exchange approval of the exchange’s D-Limit order type which had been contested by market maker Citadel Securities. In August 2020 the SEC approved IEX’s Discretionary Limit, or D-Limit, order type. IEX said the purpose of the D-Limit order type was to protect liquidity providers from potential adverse selection resulting from latency arbitrage trading strategies, and to encourage members to submit more displayed limit orders to the exchange. The exchange’s machine learning signal seeks to predict how the market is going to move in the next fraction of a second. D-Limit then uses the power of the IEX Signal to move an order out of the way if the price is about to become imminently stale i.e. the order avoids being “run over” when the price is unstable. Citadel Securities brought a court case against the SEC claiming that the US regulator should not have approved the D-Limit order because the law does not allow the execution of orders to be delayed. On July 29 the D.C. Circuit Court ruled in favor of the SEC which IEX said is a “huge win for all investors.”
I bet the globalists have some exclusive trading rules or methods just for their own ilk only I bet it's a kind of pay-for-play for exclusive membership...
Been using D-PEG for a long time now and I love it. IEX is the only exchange that's in retail's corner.
This order type? https://ibkr.info/article/2844 Where do you usually set your limit price when you enter this order type if you just want to get in or out with the least amount of friction?