Subject: File No. 10-222
From: Nate Noakes

December 15, 2015

I enthusiastically support IEX's application to become a licensed stock exchange. I look forward to making as many of my own investments as possible through their exchange in order to protect my orders from being impacted by high frequency trading intermediaries. IEX seeks to facilitate fair and transparent transactions between long term investors and companies wishing to raise investment capital. Stock markets exist to promote those very interests and transactions. It seems clear to me that objections to IEX originate from competitors or short term traders hoping to continue interceding in transactions in ways that increase costs to investors large and small.