February 2, 2016
The two member of Congress that have written letters opposed to the approval of the IEX application are backed by Citadel and ICE/NYSE. This is, without doubt, one of the most public and flagrant conflicts of interest that I have ever personally witnessed. It illustrates that wealthy, powerful, and well- connected persons have clear reasons for opposing IEX, namely, these individuals are opposed to the transparency that IEX will bring to the market. These powerful individuals, Congressmen, firms such as Citadel and ICE/NYSE do not exist to fairly serve the needs of retail investors. I urge transparency in the market, and the surest way to do that is to immediately approve the IEX application without any modification or delay.