SEC staff recommends approval of IEX, approval likely soon: WSJ

The U.S. Securities and Exchange Commission is preparing to act on a controversial request by new trading group IEX Group Inc to launch a new U.S. public stock exchange, and has received a recommendation from its staff that it approve the exchange, according to a Wall Street Journal report on Tuesday. The proposed exchange from IEX, made famous by the Michael Lewis book "Flash Boys: A Wall Street Revolt," is notable because it would be the only one in the United States to include a so-called "sp