Trading

Exchange group ICE wants ‘speed bump’ for futures trades

Plan to introduce brief delay on some gold and silver futures trades is on pause pending CFTC review

A proposal to blunt the advantages of ultrafast traders in one corner of the futures market is threatening to shake up the high-frequency trading world.

Exchange giant Intercontinental Exchange, known as ICE, quietly unveiled a plan earlier this month to impose a three-millisecond “speed bump” — or brief delay — on some trades in gold and silver futures.

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