The More Things Stay The Same, The More They Change

Many of the country’s largest mutual funds and brokerage firms are starting to avoid the conventional exchanges when trading for their account and have developed a strategy known as upstairs trading. When large institutions place orders to buy or sell millions of shares of a stock, they run the risk of having the size of the trade move the price of the stock. Institutions are also complaining that the proliferation of high speed training is hurting their ability to get their trades executed i...