IEX CEO Says SEC Pilot Program Will Show Rebates Underpin Market Conditions
The Securities and Exchange Commission unanimously voted back in March on a pilot program that would examine how transaction fees and rebates that stock exchanges use to attract trades impact the market and if they present conflicts of interest between brokers and their customers. IEX Group Inc. CEO Brad Katsuyama discusses the pilot program with Bloomberg's Erik Schatzker in New York. (Source: Bloomberg)