Cambiar Investors: IntercontinentalExchange Group

IntercontinentalExchange Group: IEX, started by the heroes of Michael Lewis s book Flash Boys, handled 23.9 million shares yesterday, up 27 percent from the daily average in March. While IEX accounts for less than 1 percent of total U.S. volume, the five-month-old platform has more trading than four of the 13 American exchanges, including IntercontinentalExchange Group Inc.s MKT, according to Bloomberg. There are a lot of people interested in working on an exchange or dark pool that flash traders wont be involved with, Barish, who helps oversee about $10 billion as president and chief investment officer of Denver-based Cambiar Investors, said yesterday in a phone interview. As the volume builds, theres more value in executing there versus other places, he added and Wall Street is showing more signs of plugging into IEX Group Inc., the dark pool that says it has the antidote to speed traders. Gathering users is one of the challenges faced by Brad Katsuyamas alternative venue, which uses time delays to cordon itself off from strategies it deems exploitative. Brian Barish, a money manager at Cambiar Investors LLC, says markets like IEX are the future of equity trading. (news.financializer.com). As reported in the news.