IEX Group Inc. is in the final stages of submitting its formal application to the U.S. Securities and Exchange Commission to become a full-fledged stock exchange.
Citing people familiar with the developments, The Wall Street Journal reports the upstart private trading venue will apply for exchange status within two weeks.
IEX eyeing exchange status for some time
As reported by ValueWalk, IEX Group Inc. announced last September that it had raised $75 million from firms such as Bain Capital Ventures and Spark Capital, and the funds would facilitate its efforts to become a registered U.S. stock...
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