How IEX Will Change Markets for Day Traders
IEX – The Investors Exchange
IEX, also known as The Investors Exchange, was given final approval by the Securities and Exchange Commission in June of 2016 to become the thirteenth stock exchange in the United States. IEX was originally formed as an Alternative Trading System, or a dark pool, in October of 2013 and continues to utilize the same technology as an exchange to level the playing field for all traders. IEX is the first exchange to offer a transparent environment for day traders and high frequency traders (HFT’s) alike. Day traders have historically been at the mercy of HFTs, whose trading accounts for 50% of all market trades. (more…)