Investors Exchange Launch Timeline

Check back for updates to this timeline.

*Timeline based solely on IEX's estimation.

  • Form 1 Public
  • Begin Accepting
    Member Waive-in Applications
  • Form 1 publishes to the Federal Register;
    45-day public comment period begins
  • Public comment period ends
  • Begin Industry Testing Period
  • 1st Saturday
    Testing Opportunity
  • SEC review period ends, subject to potential extension; Earliest possible date of SEC action (e.g., approval) on IEX exchange application
  • Deadline for Member
    Wave-in Applications
  • 2nd Saturday
    Testing Opportunity
  • 3rd Saturday
    Testing Opportunity
  • 4th Saturday
    Testing Opportunity
  • End Industry Testing Period
  • Target Investors Exchange Launch,
    pending SEC approval