Sometimes people use the words “stock exchange” and lump all 13 US exchanges into the same category but that really isn’t fair.  There are the three families (NYSE, Nasdaq and Cboe) which are for-profit, public companies which seem to always create “innovations” that are designed to increase their own bottom line. And then there is that outlier stock exchange, IEX, which seems to always put investors first.   A perfect example of this difference is Cboe’s EDGA Liquidity Provider Delay Mechanism (a.k.a. asymmetric speed bump) vs IEX’s newly proposed D-Limit order. D-Limit According to Eric Stockland of IEX, this is the (more…)

Did you ever have a home renovation project that just turned into a nightmare?   Maybe you started your project by looking for a designer.  You probably met with a few and got some estimates. After reviewing the initial plans, you probably hired a designer and then it took a few more months before you received the plans. Once the plans were secured, you probably sought out a general contractor who could do the job. These guys are often busy and if the job is too small, they might not even be interested.  Maybe you ended up with three bids (more…)


Jun, 2019