Last year, the Securities and Exchange Commission proposed banning flash orders for all trades in response to concerns that the practice gives some investors an unfair advantage. NYSE Euronext and Nasdaq OMX Group support the ban, but the Chicago Board Options Exchange said flash orders' benefits outweigh the risks. The CBOE said the practice has saved clients millions. "This very tangible benefit to investors should not be ignored by the Commission when considering the proposed flash ban," according to a letter from the CBOE.

Related Summaries