IEX Hires Ex-SEC Official Amid Push to Win Exchange Designation

IEX Group Inc. hired a former U.S. Securities and Exchange Commission official as the upstart stock trading venue seeks to become an official exchange.

John Ramsay, the acting director of the SEC’s Division of Trading and Markets until February, will serve as chief market policy and regulatory officer at IEX, according to a statement today. He’ll oversee New York-based IEX’s compliance obligations, including those that would result from the company succeeding in upgrading its regulatory status to exchange.

To contact the reporter on this story: Nick Baker in Chicago at nbaker7@bloomberg.net

To contact the editors responsible for this story: Nick Baker at nbaker7@bloomberg.net Chris Nagi

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