February 2, 2016
Dear SEC
I am writing in favor of approving the IEX exchange application.
IEX is an exchange that operates on a level playing field that makes it fair for all its customers. Those who would seek an advantage in high speed trading are slowed by IEX to the normal trading speed offered to all other IEX sellers and buyers. In other words IEX enforces the rule of playing on a level and equal playing field for all. I urge the SEC to approve the IEX applicant to become an Exchange with a protected quotation thus maintaining fairplay, honesty, equality, and security in the stock market itself.
I don't want my orders being taken advantage of by super fast traders, yet my broker is sending my orders directly to those super fast traders. IEX has a great trading model, but I'm being told I can't use it and my broker currently has no obligation to connect to IEX. If you approve this will give investors an opportunity to independently overcome the conflicts of interest that plague the financial services industry.
Respectfully submitted,
Lonnie Arnold
Fuquay Varina, NC