IEX Group announced Wednesday that it has raised $75 million from firms such as Bain Capital Ventures and Spark Capital, and the funds would facilitate its efforts to become registered on a U.S. stock exchange besides exploring other opportunities. Currently there are 11 exchanges and over 50 private trading venues and dark pools in the U.S. IEX to seek regulatory approval within a week IEX, an upstart stock-trading platform, had the starring role in the Lewis book Flash Boys. The book exposed the fact that high frequency traders can identify a trader’s order intention and then trade in the blink…
IEX Raises $75 Million; Set To Bid For US Stock Exchange Status
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports