Federal Register: SEC Approves IEX's Registration as National Securities Exchange
The SEC approved and declared effective the amended application by the Investor Exchange LLC ("IEX") to register as a national securities exchange. The SEC Notice was published in the Federal Register.
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The SEC approved Investor Exchange LLC's amended application to register as a national securities exchange. In light of the unique features of the new exchange, the SEC updated its interpretation requiring trading centers to "honor" automated securities prices that are subject to small delays when accessed.
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In a letter to the SEC, the Futures Industry Association Principal Traders Group ("FIA") suggested changes regarding the application by the Investors' Exchange, LLC ("IEX") for registration as a National Securities Exchange.