MMI CEO in The New York Post: IEX Exchange Application Faces Criticism

John Aidan Byrne reports MMI CEO Bill Harts regarding the anti-HFT claims made by IEX in its application to become a registered stock exchange: “Demonizing high-frequency trading (HFT) worked well for a book tour, but if ‘IEX: The Exchange’ is the sequel, it’s a lot different story,” Bill Harts, chief executive of Modern Markets Initiative, the advocacy group for HFT, told The Post.

“Now you need to back up the bogeyman story with facts,” he added. “The fact is that HFT loves IEX — it’s one of the  main markets that HFT firms trade on — so you have to question what IEX actually protects investors from, if anything.”