December 14, 2015
IEX is the only company trying to make the stock market transparent and fair. Approving IEX's application to become an exchange with a protected quotation is a necessary step the SEC must take towards insuring a future where small investors and funds that cater to small investors can make trades without worry that high frequency traders will front-run their orders. Front running trades is a tax on the investor that is immoral and should be illegal (and is illegal in every other form).
The proof of IEX's necessity in its stats. Because IEX is the only company competing on fairness and transparency, IEX has seen its market share grow from nothing to nearly 2% in less than 2 years. That rapid rise is because no other exchange out there cares about transparency, they only care about collecting a percentage of high frequency traders profits as kickbacks. If IEX didn't offer small investors a fairer marketplace, how were they able to grow market share in an incredibly competitive space starting from scratch?
Thank you for your consideration. Please feel free to contact me further.
Evan Rothschild