SEC Approves IEX’s Bid to Become Full Stock Exchange

If you read “Flash Boys” or saw the salacious 60 Minutes March 2014 segment where author Michael Lewis was interviewed by correspondent Steve Kroft about Wall Street’s little high frequency trading “secret” (whereby Lewis asserted that the market was rigged), then you’ve no doubt been following the story of IEX and its founder Brad Katsuyama with great interest, as have we here at FintekNews

Well today the Wall Street Journal has reported that the Securities and Exchange Commission is signaling pending approval for IEX to operate as a stock exchange. 

IEX has stated that it intends to ultimtely offer IPO listings, and grow its current 1% share of market to over 8% by 2017.

Original Source for Story:  Wall Street Journal