John Jacobs Discusses New Exchange, IEX with the Wall Street Journal
“This is going to put the question at the forefront—is speed the No. 1 driver of market structure?” said John Jacobs, a former senior executive at Nasdaq and now executive director of Georgetown University’s Center for Financial Markets and Policy. “It’s been in place for 11 years that fast markets go around slow markets, because they wanted investors to get the best price.” Pending approval from the SEC, IEX would be the first new exchance since 2010 and would compete with Nasdaq, New York Stock Exchange, and BATS Global Markets. Read all of Jacobs' comments here.