Upstart IEX Poised for Approval as New Stock Exchange – WSJ

IEX Group Inc. is poised to win regulatory approval to launch a stock exchange that slows the pace of trading, according to people familiar with the matter, following a decade when government rules and Wall Street’s technology wizards fostered ever-greater speed.

The staff of the Securities and Exchange Commission has recommended that the agency approve IEX’s controversial bid, signaling likely endorsement when commissioners vote Friday.

via Upstart IEX Poised for Approval as New Stock Exchange – WSJ