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This Upstart Market Hopes to Grow With `Flash Boys' Strategy

  • Aquis is changing rule book to discourage latency arbitrage
  • The approach resembles U.S. dark pool IEX's speed bump
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An upstart stock market wants to bring the fight against the flash boys to Europe.

Aquis Exchange Ltd. has failed to gain traction after more than two years of operation. Now, it’s introducing a rule that will explicitly ban what it considers a predatory strategy known as latency arbitrage -- or using the fastest sources of information on prices to take advantage of traders with slower data feeds.