IEX’s ambitions to test SEC’s rules

“While the SEC’s interpretation seems to open the door for IEX, it may also open the door for enormous unintended consequences,” says Tyler Gellasch, executive director of Healthy Markets, a non-profit group focused on market structure reform.

“Rather than just deciding one thing, they would be deciding a lot of very complicated issues. The minute you go down this road you don’t know where it goes.”

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