IEX ATS Statistics

IEX will be using the SEC Market Structure Division's ATS statistics as a benchmark for key performance metrics of the IEX ATS as compared to other ATS's.

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Testimony of Bradley Katsuyama

U.S. Senate Permanent Subcommitte on Investigations of the Committee on Homeland Security and Governmental Affairs

   

Take Charge of Your Trades

Instruct your broker to trade on IEX, a trading venue open to any registered broker dealer and the only ATS to be owned by the institutional buy side.

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Retail Investor FAQ

Learn how retail brokers and investors can interact with IEX.

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True Price

Learn about the IEX True Price Matching Engine.

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IEX Smart Order Router

Learn about the benefits of the IEX Smart Order Router.

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How To: Rest & Re-Allocate

Passive order flow often "rests" in liquidity pools such as IEX or ATS's owned by brokers.

Watch this video to learn how trading strategies like re-allocation allow investors to rest on IEX without missing liquidity opportunities in other venues.

Have questions? Contact Member Services at 646.568.2345 to learn more.

 

Our Form ATS

In order to legally operate as an Alternative Trading System ("ATS"), trading venues must submit a Form ATS to the SEC.

This document is meant to describe how that market operates, including who is able to participate, the types of securities traded, pricing, order types supported, matching logic, and order book priority.

We share below our effective Form ATS (redacted to protect partner and subscriber information). It's part of our effort to set new standards for transparency in our industry.

Form ATS, effectively registered as of April 7, 2014

Summary of changes from prior version:

  • Revised the upper boundary of shares accepted (page 11)
  • Updated Minimum Quantity functionality (page 13)
  • Included language describing primary peg functionality (page 14)
  • Included language describing new routing strategy: route to take and re-sweep (page 14)
  • Included language describing anti-internalization functionality (page 17)
  • Clarified the application of market and limit order collars (page 22)

Read our Form ATS →

Setting a new bar for transparency.

Stay tuned to this space for more content and ideas including videos on how our market works.