IEX Group Inc. got permission from US regulators to open an options exchange that would offer an alternative to the way trades now get priced in the booming derivatives market.
The Securities and Exchange Commission approved IEX’s application to operate a new options venue that would offer a unique way to slow down options trading, according to a regulatory filing Thursday. IEX Options will operate as an electronic exchange without a physical trading floor.
As part of its planned expansion into the options market, exchange operator IEX will now be able to delay, cancel and reprice options orders on behalf ...
