(Bloomberg) Investment Technology Group Inc. maybe should’ve worked with Michael Lewis, too. The New York-based brokerage said Wednesday that it faces a third Securities and Exchange Commission fine in three years. Part of the latest violation flips the script on bad behavior in the U.S. stock market: ITG got in trouble for not disclosing that, in the aftermath of Lewis’s “Flash Boys,” it introduced a speed bump on its Posit dark pool roughly similar to the one glorified by the author in his 2014 book on high-frequency traders.
This Broker Fought the Flash Boys and Got in Trouble for It
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