New Stock Exchange Aimed At Stemming High Speed Trades

03:48

June 20, 2016

A trader works on the floor of the New York Stock Exchange during the afternoon of February 13, 2015 in New York City. (Andrew Burton/Getty Images)

Three hundred and fifty microseconds may not sound like very long, but it is in the world of stock trading. That is the length of a time delay that has been imposed on a new U.S. stock exchange.

It's called IEX, and the aim is to create a speed bump to slow the amount of high speed trading. Here & Now's Peter O'Dowd looks at how the new exchange will work with Jill Schlesinger of CBS News.

Guest

Jill Schlesinger, business analyst with CBS News and host of Jill on Money. She tweets @JillOnMoney

This segment aired on June 20, 2016.