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Dear Mister Fantasy and a Conversation with Joe Saluzzi of Themis Trading

RiskReversal Pod

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How to Be a 2% Market Share on IEX

IEX does not have what they call a proprietary data feed on an order by order basis. I would say there's a lot of noise volume in the day. It's joke is flipping around for a rebate. But that's 2% just to be clear, it's 2% of the volume. That's real volume. The other 98% is some of it’s double counted. We're trading 40, sometimes 50% of our volume every day on IEX.

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