Newest primary Stock Exchange in US about to launch.
The IEX is currently testing its trading systems this week, and seems on-track to go live sometime in October. IEX will be a primary listing Exchange, which puts it in direct competition with the NYSE and NASDAQ for stock listings. To gain listings, IEX will provide companies with $250K in listing fee credits, which is equal to 5 years of fees. No word yet on which, if any, companies are planning to switch over from the NYSE or NASDAQ. Steve Wynn is an investor in IEX and has said he might move Wynn Resorts' listing to the IEX, but it remains to be seen if that will actually happen.
