TradeStation has become the first retail brokerage in the U.S. to get membership approval from the IEX Exchange. The news comes just a couple of weeks before the official launch of the newest exchange which is has gained approval from the Securities and Exchange Commission (SEC) in June.
After TradeStation has parted ways with its foreign exchange business earlier this year, the broker-dealer and Futures Commission Merchant (FCM) is now focusing its efforts on delivering best execution to its clients in exchange traded products.
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Commenting on the announcement the President ... (read more)