Rachel Barnett joins IEX Group as chief legal officer after spending the last two years as general counsel and secretary at clothing retailer Brooks Brothers.
Eric Stockland joins BMO Capital Markets as managing director in the electronic trading division after four and half years at IEX Group as chief strategy officer.
Daniel Ciment will become COO of IEX Exchange after ten years with JP Morgan, most recently leading its electronic equities trading business globally.
The controversial speed bump was opposed by some of the markets most active participants and industry lobby groups.
Following intense debate among market participants on the extensive costs of market data, incumbent exchanges could soon have less power over the consolidated tape in the US.
The most active trading members at IEX will be charged $100 to access additional logical ports as of October.
LP² four millisecond delay mechanism will be applied to the Cboe EDGA exchange to protect market makers from HFTs.
Kara Stein to join IEX board of directors after completion of term as SEC commissioner in January.
IEX becomes first exchange operator to disclose its costs with the detailed report revealing incumbent exchanges are grossly marking up fees.
A roundtable hosted by the SEC with high-profile market participants highlighted just how divided Wall Street and regulated exchanges are on the issue of market data and access to exchanges, writes Hayley McDowell.