IEX offers a simplified and transparent market designed to eliminate conflicts currently present in the equity markets.
IEX Comment Letter On LULD Plan
Read IEX's comments to the SEC's proposal to extend the LULD pilot period.
IEX Comment Letter On NYSE Proprietary Feed Proposal
Read IEX's letter to the SEC regarding information asymmetry between NYSE Trades product and CTA Plan.
IEX Comment Letter On NMS Plan Governance
Read IEX's letter to the SEC offering suggestions for consideration by the Commission, the plan participants, and the industry as ways to enhance the operation of the SIPs and contribute to the improvement of governance of NMS Plans in general, and the SIPs in particular.
IEX BATS PBBO Comment Letter
Read the IEX BATS PBBO Comment Letter.
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.
Read our Form ATS