OMX Patent May Threaten Algo Trading
FRONT PAGE: EXCHANGE TECHNOLOGIES
LONDON—Exchange technology provider OMX is awaiting a decision on a pending patent application for a new type of electronic hybrid market that may eventually put an expiration date on the recent algorithmic trading push from major sell-side firms.
The new market model inherent in the OMX patent looks to transform the way complex order types are supported by electronic exchanges, and according to David Lyback, one of the inventors of the patent, should help foster innovation at exchanges. However
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