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摘要

Mutualfund managers are fighting back against high frequency trading firms, which they claim hurt long-term shareholders by jumping in and out of markets and raising trading costs. Their weapon: New York-based IEX Group, the first alternative trading system owned by the buy side. An electronic-trading team from Royal Bank of Canada started IEX, which launched in October and caters to traditional investors. IEX is owned by a group of mutual funds, hedge funds, family offices and employees. San Diego-based Brandes Investment Partners and Capital Group, based in Los Angeles, eachhold stakes of less than 5 percent.
机译:共同基金经理正在与高频交易公司进行反击,他们声称这种高频交易公司会跳入和退出市场并提高交易成本,从而损害了长期股东。他们的武器:总部位于纽约的IEX Group,这是买方拥有的第一个替代交易系统。来自加拿大皇家银行的电子交易团队成立了IEX,该交易所于10月启动,旨在迎合传统投资者。 IEX由共同基金,对冲基金,家族办公室和雇员组成。位于圣地亚哥的Brandes Investment Partners和位于洛杉矶的Capital Group各自持有的股份不到5%。

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