Approximate*
Investors Exchange Launch Timeline

Check back for updates to this timeline.

*Timeline based solely on IEX's estimation.

  • Form 1 Public
    on sec.gov
  • Begin Accepting
    Member Waive-in Applications
  • Form 1 publishes to the Federal Register;
    45-day public comment period begins
  • Public comment period ends
  • 1st Member
    Testing Opportunity
  • 2nd Member
    Testing Opportunity
  • SEC review period ends;
    Earliest possible date of SEC action
    (e.g., approval) on IEX exchange application
  • Recommended target for Member
    Waive-in Applications
  • 3rd Member
    Testing Opportunity
  • 4th Member
    Testing Opportunity
  • 5th Member
    Testing Opportunity
  • Test symbols transition
    (pre-launch period)
  • Security-by-Security
    phase-in period for Investors Exchange launch
    pending SEC approval