IEX Firms up Launch Date for New Options Exchange

IEX has firmed up the date for its new options exchange, IEX Options, set to be launched by Q2 2026, pending regulatory approval. The exchange operator said the new venue will align with the needs of options industry participants and tackle risk management challenges in the market. The firm announced the launch of the US options exchange in September 2024, and efforts have already been made to expand IEX’s options team, file the proposed rule book with the US Securities and Exchange Commission (SEC) and maintain engagement with regulatory authorities and industry stakeholders.  The exchange will be an electronic venue, providing access to the entire multi-listed options market while relying on a pro-rata model.  IEX has said that the launch will tackle challenges facing the options market, specifically adverse selection, by leveraging the firm’s previous experience in building equities solutions for performance and protection.  Following the announcement of the launch last year, the firm also stated that minimal effort will be required to onboard current members of its equities exchange onto the new venue.