Earlier this week, I had a chat with an industry veteran at a holiday party about the current situation with equities dark pool IEX. As I sipped cranberry margarita—which, it turns out, goes as nicely with sugar lining the glass as salt—he predicted that their S-1 exchange application to the Securities and Exchange Commission (SEC) would go through, but not without significant changes.
Why? "Because they want to run a 100-meter dash with a 15-meter head start," he said. "Of course the rest of us
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails