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On Friday, the Investors Exchange, or IEX Group finally launched as a stock exchange after nearly two years of regulatory scrutiny and traded barbs with competitors. The new exchange, which was the subject of Michael Lewis’ 2014 book “Flash Boys, has obtained SEC’s approval to register as the 13th national securities exchange earlier in June 2016.
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It’s been quite a journey for the exchange described by Michael Lewis as the solution to Equity markets’ rig against retail investors. From working in a windowless room with ... (read more)