--- title: NYSE Alternative Pitches Benefits of Low-Speed Trading description: IEX says it will eliminate advantages for high-speed traders. authors: - name: Taylor Tepper url: https://money.com/author/taylor-tepper-3/ at_money_since: 2013 articles: 168 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes social: - https://x.com/TaylorTepper former_staff: true published: '2016-06-16T10:30:44.000Z' modified: '2024-04-17T02:18:27.000Z' section: Investing tags: - brad katsuyama - High-Speed Trading - iex - Markets - Money - New York Stock Exchange - NYSE - stock market - stocks - video word_count: 122 canonical: https://money.com/nyse-alternative-iex-high-low-speed-trading/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 27, 2016. U.S. stocks edged higher, with the S&P 500 on course for its biggest weekly advance since March, while investors awaited remarks from Federal Reserve Chair Janet Yellen for hints on the timing of the next interest-rate increase. Photographer: Michael Nagle/Bloomberg via Getty Images](https://img.money.com/2016/06/ny-stock-echange.jpg) *Traders work on the floor of the New York Stock Exchange (NYSE) in New York on May 27, 2016.* Every day, high speed traders are buying stocks quicker than the average long-term investor, and selling them back at marked-up prices. [IEX](https://money.com/is-the-stock-market-still-rigged/) says it aims to level the playing field in the stock market by eliminating advantages for high-speed traders. IEX is a stock market alternative that says it will protect the average investor. IEX creates a "speed bump" to slow down trading so traders can't use relatively higher speeds to their advantage. This delay slows every trader down by 350 millionths of a second. The "speed bump" will have little effect on investors looking for a long-term investment, says IEX. Brad Katsuyama, President and CEO of IEX, hopes to have IEX approved by the Securities and Exchange Commission [later this month](https://www.equities.com/news/why-the-secs-impending-decision-on-iex-becoming-an-exchange-has-everyone-freaking-out). ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/nyse-alternative-iex-high-low-speed-trading/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Alternative Investments", "item": "https://money.com/alternative-investments/" }, { "@type": "ListItem", "position": 4, "name": "NYSE Alternative Pitches Benefits of Low-Speed Trading" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/nyse-alternative-iex-high-low-speed-trading/#webpage", "url": "https://money.com/nyse-alternative-iex-high-low-speed-trading/", "name": "NYSE Alternative Pitches Benefits of Low-Speed Trading", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-06-16T10:30:44.000Z", "mainEntity": { "@id": "https://money.com/nyse-alternative-iex-high-low-speed-trading/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/nyse-alternative-iex-high-low-speed-trading/#breadcrumb" }, "dateModified": "2024-04-17T02:18:27.000Z" }, { "@type": "Article", "headline": "NYSE Alternative Pitches Benefits of Low-Speed Trading", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/06/ny-stock-echange.jpg", "width": 2560, "height": 1707, "caption": "Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 27, 2016. 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