TradeStation, a Monex Group, Inc. (TYO:8698) company, has announced that it has been approved as the first retail online brokerage member firm of the Investors Exchange (IEX), which was recently approved to become the nation’s thirteenth registered national securities exchange.
The SEC approved IEX’s application to become a registered national securities exchange on June 17, 2016, and IEX has announced it will begin a security-by-security phase-in period on August 19th and plans to commence full operations as a national securities exchange on September 2nd.
TradeStation currently offers customers direct market access to the IEX Alternative Trading System (ATS), and will continue to offer customers direct market access to the Investors Exchange on the September 2nd exchange launch.
John Bartleman, President of TradeStation Group, Inc., said:
TradeStation is pleased to announce it is the first retail online broker approved for exchange membership to offer its clients trading through the new IEX national securities exchange. IEX’s philosophy to give all traders an equal opportunity for best execution is consistent with TradeStation’s steadfast goal to empower our clients with the most effective research and analysis software tools and resources available.
This includes the power to design, back-test, optimize and automate custom trading strategies and ideas across electronic stock, ETF, equity and index option, and commodity and financial futures markets. Empowerment, transparency and fairness are the keys to providing the best trading platform and execution opportunities to self-directed traders.”
Ronan Ryan, IEX
Ronan Ryan, President and co-founder of IEX Group, Inc., added:
We thank TradeStation for their support of IEX, which is designed to prioritize the interests of real investors. We look forward to providing their clients with a differentiated choice for years to come.”