Subject: File No. 10-222
From: Ron Hovanec

December 10, 2015

I would like to endorse the application of IEX to become an exchange.

After reading some of the comment letters I see no reason why IEX should be denied. The reasons behind the non-supporters of IEX are illogical. They are against the "speed bump" but they use a far larger speed bump in their exchanges and in their trading.

The market needs to decide if IEX is a needed exchange, not a minority of opponents.

Ron Hovanec