NYSE to Curtail Order Types Amid Debate Over Their Fairness

The New York Stock Exchange wants to pare back the types of orders customers can place, potentially quieting critics who say their proliferation gives high-frequency traders an unfair edge.

NYSE staff have identified more than a dozen to abolish, pending regulatory approval, IntercontinentalExchange Group Chief Executive Officer Jeffrey Sprecher said today. Shares of Atlanta-based ICE, which bought NYSE last year, fell the most since 2011 today after the company released quarterly results.