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MondayAug 08, 2016 9:30 am

CryptoCurrencyWire Exclusive – SEC Approves IEX as First New National Stock Exchange Since 2013

The Following is a CryptoCurrencyWire Exclusive Article -  On June 17, 2016, the U.S. Securities and Exchange Commission made headlines when it approved the Investors’ Exchange (“IEX”) as a national stock exchange, marking the first time since July 2013 that the SEC has sanctioned a new trading exchange. Unlike existing markets such as the NASDAQ and NYSE, the IEX aims to even the playing field between high-frequency traders and traditional investors by eliminating the multi-microsecond advantage that’s often afforded to high-frequency traders. To do this, IEX purposely slows down trading, implementing an intentional ‘speed bump’ of about 350 microseconds that…

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