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While IEX has been hitting record stock trading volumes and revenues on its stock exchange, the momentum behind the listings business has waned enough that CEO Brad Katsuyama has chosen to ditch the business line.
The listings business is fiercely competitive and IEX has won only a single listing, Interactive Brokers Group Inc , since it became an exchange in 2016. Interactive Brokers said it plans to move its stock back to Nasdaq, where it was listed before switching to IEX last year. “It’s a business where the big exchanges are entrenched,” Brad Katsuyama, chief executive officer of IEX, said in an interview.
https://www.reuters.com/article/iexgroup-listing-idUSL2N26E01X
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