The IEX Group plans to change the way it reports trade details, giving more transparent data, but only to those paying a premium for it. The data forms part of the data set used by investors to determine which of the 11 US stock exchanges are most likely to give the best chance of orders getting filled. IEX Buy-side consortium owned US trading venue, NYSE, has criticised the move, referring to the situation as 'a fundamental issue about fairness and transparency'.
The NYSE plans to change the way it reports trade details, giving more transparent data, but only to those paying a premium for it. The data forms part of the data set used by investors to determine which of the 11 US stock exchanges are most likely to give the best chance of orders getting filled. IEX Buy-side consortium owned US trading venue, IEX Group, has criticised the move, referring to the situation as 'a fundamental issue about fairness and transparency'.