December 10, 2015
I am a full time trader of Equities, Options and Futures and I'm submitting this comment in support of an IEX exchange approval.
I believe the existence of such an exchange provides a much needed and valuable venue where the NBBO and SIP can be implemented as they were meant to be according to existing law.
By now it should be obvious to SEC and other regulatory agencies that the current structure which is dominated by HFT does not fulfill the legal obligations with regards to the above as they are laid out in the law.
In light of being the key causes of recent market flash crash events and market structure failures, a new, safer system is needed.
Approving the IEX application is an important first step in that direction.