From: Barry Bautista
Sent: June 17, 2016
Subject: Please approve IEX Group Inc's proposed new U.S. public stock exchange
Dear Securities Exchange Commission,
I am very happy to read that SEC staff has recommended the approval of IEX Group Inc's proposed launch of a new U.S. public stock exchange ( www.reuters.com/article/us-usa-exchanges-iex-idUSKCN0Z02D0 ).
I hope the SEC will approve IEX Group Inc's proposed new U.S. public stock exchange due to the following reasons:
The USA is a free market nation -- as such, we should always be happy when a new competitor enters the market place -- competition provides consumers greater choice and forces competitors to reduce costs for consumers and/or improve service quality.
I used to invest in stocks up to a few years ago, but, have since stopped because I do not have confidence in the integrity of the stock market because of the detrimental impact of High Frequency Traders.
IEX Group Inc's new U.S. public stock exchange will level the playing field against High Frequency Traders and will restore my confidence in the integrity of the stock market.