IEX Group Inc. won regulatory approval for a new stock exchange that slows the speed of trading, clinching a hard-fought win over competitors who said its model threatens investor benefits flowing from ever-faster markets.
The Securities and Exchange Commission voted Friday to certify IEX as the U.S.’s 13th national stock exchange, giving the startup a license to challenge Intercontinental Exchange Inc., Nasdaq Inc. and Bats Global Markets Inc.
DAVE MICHAELS – Wall Street Journal – June 17, 2016.
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