IEX Forms Retail Trading Advisory Committee

IEX Exchange announced that it has convened leading retail brokerage firms to examine how market structure could change in response to the recent uptick in retail investor participation in the equities market. Nearly a dozen retail brokers have joined IEX Exchange’s Retail Trading Advisory Committee (RTAC). RTAC participants are meeting to evaluate how market infrastructure, and rules governing market operations, can and should evolve as retail participation in the equities market continues to grow. The RTAC provides a venue to discuss opportunities to innovate and champion the interests of individual investors at a time when retail investing has skyrocketed across America. Industry sources estimate that retail trading accounts for as much as 25 percent of total U.S. equity market volume on the most active trading days, prompting market participants and regulators to examine whether existing market structure rules and operations serve the retail investing public.