SEC Approves IEX as National Securities Exchange with its Speed Bump Model
Posted: Sun Jun 19, 2016 6:24 am
The 13th national stock exchange has been approved in the United States, after the Securities and Exchange Commission (SEC) gave the green light for the application by Investors’ Exchange LLC (IEX) to register as a National Market System (NMS).
The decision came as the deadline approached last week for a final choice to made, as covered by Finance Magnates in a related post, and according to an official subsequent announcement by the SEC.
IEX operates as an Alternative Trading System (ATS) and had a filed a Form 1 with the SEC last year to become an NMS, a decision ... (read more)