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I just want to make sure I'm understanding you properly: you are saying that big block traders are using IEX because it has low fees, not because the IEX system
by wdewind 11y ago
I just want to make sure I'm understanding you properly: you are saying that big block traders are using IEX because it has low fees, not because the IEX system is preventing the pricing from shifting during the order, correct?
- vasilipupkin 11y agoyes. Also "big block traders using IEX" is a big statement. IEX has 1.5% of US equity volume and at least 20% of IEX volume are not big block traders. So, they aren't really using IEX that much. But to the extent they are using it, it's because the fees are lower and also it's because it's always nice to put pressure on other exchanges via additional competition for liquidity