The upstart stock trading venue featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned, IEX Group's chief executive said on Friday.
"Flash Boys" hit the stands on Monday and unleashed a fierce debate over the fairness of the U.S. stock market, which the book characterized as rigged in favor of high-speed traders who use their advantages to bilk the system for billions.
The book also thrust IEX, and its CEO, Brad Katsuyama, former head of electronic trading at a unit of Royal Bank of Canada, in New York, into the spotlight.
"We've been getting interest from corporate clients about listings and I think that definitely increases our interest in looking at becoming an exchange earlier than thought," Katsuyama said in an interview. He would not specify a time frame.
IEX is currently registered as an Alternative Trading System (ATS), or what is commonly called a "dark pool."