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Better Markets Comment Letter on IEX Proposed D-Limit Order Type

IEX's proposed "D-Limit" order type will will protect investors against predatory latency arbitrage trading strategies and help in increasing the liquidity in the market. Currently firms with the most fastest and most up-to-date trading capabilites can and do exploit feautres of the current market infasturcture to turn a profit at the expense of pension funds, instituional investors, and market makers. This new order type is designed to liminate these latency arbitrage trading strategies.