IEX, the dark pool led by Brad Katsuyama, reached one percent of the US stock market in November 2014. The company has also started the process to gain exchange status.
IEX Group Inc., the year-old dark-pool operator that plans to become a stock exchange, has seen its share of U.S. equity trading hit 1 percent for the first time. Just over 61 million shares changed hands on the venue yesterday. While that was less than its record of 88 million securities on Oct. 15, yesterday’s overall market volume was 6.1 billion. On IEX’s record day of trading, the wider market had volume of 12 billion shares.