IEX has said that it will not move on the design of its signature “ speed bump ” that aims to combat some HFT techniques . The SEC is waiting to hear whether the SEC will grant it approval to become a fully - regulated exchange , a process that has split other market participants and prompted calls from lawmakers for market participants to be changed . Exchanges including SEC and Nasdaq and funds including equity have written to the SEC objecting to approval being granted while a number of institutional asset managers have backed the platform 's application .
IEX has said that it will not move on the design of its signature “speed bump” that aims to combat some HFT techniques. The company is waiting to hear whether the SEC will grant it approval to become a fully-regulated exchange, a move that has split other market participants and triggered calls from lawmakers for market rules to be amended. Exchanges including NYSE and Nasdaq and funds including Citadel have written to the SEC objecting to approval being granted while a number of institutional asset managers have backed the platform's application.