Because you have to.
What if the traditional exchanges said exactly what they mean?
New cost study:
the results were alarming.
For depth of book data products, other exchanges charge fees 900% - 1,800% over IEX's costs to offer a comparable product.
For physical connectivity in their data centers, other exchanges charge fees 2,000% - 4,200% over IEX's costs to offer comparable services.
For virtual sessions needed to trade, other exchanges charge fees 500% - 1,800% over IEX's costs to offer comparable services.
IEX CEO Brad Katsuyama sent a letter to the U.S. Securities and Exchange Commission outlining the findings of the report.Read the full letter ›
Let’s build a better system.
Understanding what’s wrong with the market is the first step. The next is addressing the price-gouging, abuse of power, and lack of accountability that have become the norm. That’s why we created IEX, the first stock exchange built on fairness, simplicity, and transparency.See the difference ›
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