Startup becomes a US national stock exchange
A US-based startup named 'IEX' was on Friday approved by the US Securities and Exchange Commission (SEC) to become the nation's 13th full-fledged stock exchange. Founded in 2012, IEX has created a patent-pending technology to create a trading exchange shielded from high-frequency traders. Other exchanges and trading firms had urged the SEC to reject IEX's application to become an exchange.