‘Flash boys’ exchange IEX hits back at Nasdaq lawsuit
May 30, 2018 at 12:00 PM EDT
IEX Group Inc., the nascent exchange known for its attacks on high-frequency trading made famous by Michael Lewis’s book “Flash Boys,” hit back at Nasdaq Inc. on Wednesday, asking a federal court in New Jersey to dismiss a lawsuit alleging it infringed on Nasdaq’s patented processes to support stock exchange operations.