Buy Side-Backed ATS IEX Taps IPC for Data Distribution, Connectivity

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IEX, which is owned exclusively by a collection of mutual funds, hedge funds, and family offices, will trade all Regulation NMS equity securities once it receives approval from the Securities and Exchange Commission to operate as a non-displayed ATS.

IEX is leveraging IPC's Connexus financial extranet to connect to financial market participants on the network, including sell-side firms, liquidity venues, market data providers, independent software vendors and datacenters. In particular, the ATS