“IEX has the potential to greatly improve equity trading, but the proof will be in the prints,” says Tyler Gellasch, executive director of Healthy Markets, a non-profit group focused on market structure reform.
“If IEX protects investors and reduces investors’ trading costs, then investors and brokers may flock to it, and other venues may recognise that they don’t necessarily have to indiscriminately chase all HFT to remain profitable,” says Mr Gellasch.
‘’If IEX doesn’t deliver, then investors and brokers will quickly look elsewhere. That would leave us pretty close to exactly where we are today,” says Mr Gellasch.
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