IEX to Reveal Dark Pool Operations Data in Challenge to Peers
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IEX Group Inc., a dark pool that plans to convert into a U.S. stock exchange, is breaking with tradition by publicly releasing the normally private regulatory filing that explains how it operates.
IEX, which opens for business on Oct. 25, today put its Form ATS on its website, detailing how requests to trade are prioritized, the types of orders available, price structure and ways to access the market. New York-based IEX is redacting some information to protect users’ security, Chief Executive Officer Brad Katsuyama said during an interview.