NYSE plans NYSE American to counter 'Flash Boys' exchange IEX

The operator of the New York Stock Exchange said on Wednesday it will change the model of its NYSE MKT exchange to implement a so-called speed bump, in a direct challenge to the Investors' Exchange, the newest U.S. stock exchange. NYSE Group, which is owned by Intercontinental Exchange Inc (ICE), said it plans to change the name of its NYSE MKT exchange to the American Exchange, and to add a delay for incoming and outgoing orders and proprietary market data. NYSE said NYSE American will have lar