Worth noting that the head of Yale's endowment fund and IEX's interests are aligned. The business model of IEX is to convince naive investors that high frequenc

Worth noting that the head of Yale's endowment fund and IEX's interests are aligned. The business model of IEX is to convince naive investors that high frequency trading is somehow screwing them and that they should choose to route their orders to IEX in order to avoid it. They then facilitate trading between these naive investors and large institutional investors (like Yale) who want to move large blocks of shares before the market moves against them.