IEX Exchange’s Position On The SEC’s Proposed Changes To Regulation NMS

On March 20, IEX Exchange (Investors’ Exchange LLC) filed our response to the SEC’s proposed changes to the reforms related to Regulation NMS, which include limiting maximum fees (and therefore rebates) exchanges can charge, trading increments, and “tick sizes” (units in which securities can be quoted). We believe the Commission’s proposals are thoughtful, thorough, and appropriately identify aspects of the rules that require reform. We support reform in all the areas identified by the SEC, while suggesting modifications to certain aspects to ensure that regulatory reform meets the Commission’s objectives.

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