https://www.businesswire.com/news/h...oup-Announces-Launch-IEX-Listings-Interactive
Can anyone explain what this means for retail traders. thanks
Can anyone explain what this means for retail traders. thanks
IEX / IB - What does this mean?
- Thread starter hoff57
- Start date
Nothing, unless other listed companies follow suit, which would mean the end of colocation and other shenanigans perpetrated by HFTs. Thumbs up to IB for leading the way.
More symbolic than anything - saves some listing fees as long as IEX stays free for listing and issuance of new shares. NYSE used to be prestige place to list and also the most expensive - listing fees are a big part of overall NYSE revenue. NASDAQ became competitive and NYSE adjusted their fees to stay competitive. This has little to do with what trades where. Brokerage houses all wish listings were all where they could interact on a principal basis. That IPO day you see on CNBC costs about $1MIllion or more on NYSE. Less on NASDAQ. If you start to see an IPO list IEX that would be a major change. Again nothing to do about where it trades. Think back to the days when "NYSE" stocks only traded NYSE, etc. Those days are gone.
Robert Morse
Sponsor
If you are a shareholder of IBKR, you have to wonder if the IEX regulatory team will offer the same or higher requirements for listings. https://iextrading.com/docs/IEX Listing Guide.pdf
If I were a share holder, I would not want to be the first.
If you are a trader, and the primary exchange is IEX, you have to be concerned with the Opening and Closing auction. Would the NASDAQ or IEX provide the best liquidity during those auctions. Again, I would not elect to be first.
If I were a share holder, I would not want to be the first.
If you are a trader, and the primary exchange is IEX, you have to be concerned with the Opening and Closing auction. Would the NASDAQ or IEX provide the best liquidity during those auctions. Again, I would not elect to be first.