IEX.com – New York – IEX Trading Alert #2016 – 029
What you need to know:
- On Thursday, July 14th, IEX hosted a market-wide call to discuss IEX’s transition from the IEX ATS (the “ATS”) to Investors Exchange (the “Exchange”).
- Thank you to everyone that attended the call.
- For anyone that missed the call, the presentation materials are now available to view at the below location:
Additional resources regarding the IEX ATS to Investors Exchange transition
- Symbols for the three (3) week Pre-launch Period and two (2) week Phase-in Period of the Exchange transition are defined below.
- The roadmap and schedule below summarizes communications regarding the Exchange transition.
- The Exchange FAQ has been updated.
Transition from the IEX ATS to Investors Exchange
The ATS will transition to the Exchange using a security-by-security phase-in approach similar to that used by Electronic Communication Networks (“ECNs”) who transitioned to national securities exchanges in the past.
Pre-launch Period: There will be a three-week pre-launch period during which participants will be able to enter test orders on the Exchange using test symbols.
Phase-in Period: Following the launch date, there will be a two-week phase-in period during which securities currently trading on the ATS will be migrated from the ATS to the Exchange. Once a security is migrated from the ATS to the Exchange, it will no longer be available for trading on the ATS and will only be available for trading on the Exchange. Once the Exchange begins trading its first non-test security, it will operate in conjunction with the ATS until all securities are fully transitioned.
The schedule is as follows:
- August 1 – 18 (M – Th): Test symbols transition (CBO, CBX, ZBZX, ZJZZT, ZTEST, ZVV, ZVZZT, ZWZZT, ZXZZT) (Pre-launch Period)
- August 19 – 23 (F – Tu): Two non-test securities (VG, WIN) (“Launch Date”, Phase-in Period begins)
- August 24 – 26 (W – F): Ten non-test securities (VALE.P, VG, VHC, VIAV, VIP, VLY, WIN, XOMA, YINN, ZIOP)
- August 29 – 30 (M – Tu): All symbols starting with ‘Y’ – ‘Z’, VALE.P, VG, VHC, VIAV, VIP, VLY, WIN, XOMA
- August 31 – September 1 (W – Th): All symbols starting with ‘V’ – ‘Z’
- September 2 (F): All symbols (‘A’ – ‘Z’) (Phase-in Period ends, ATS ceases operation)
Roadmap and Schedule
- Mon, Jul 18 – Fri, Jul 22
Router Redesign and New Routing Options Live Phase Begins
- Mon, Jul 18
Two Non-test Symbols (VG, WIN)
- Tues, Jul 19
Ten Non-test Symbols (VALE.P, VG, VHC, VIAV, VIP, VLY, WIN, XOMA, YINN, ZIOP)
- Wed, Jul 20
All Symbols Starting with ‘Y’ – ‘Z’, VALE.P, VG, VHC, VIAV, VIP, VLY, WIN, XOMA
- Thurs, Jul 21
All Symbols Starting with ‘V’ – ‘Z’
- Fri, Jul 22
All symbols (‘A’ – ‘Z’)
- Mon, Jul 25
- Mon, Jul 25
Recommended Target for Member Waive-in Applications
- Sat, Jul 30
4th Member Testing Opportunity
- Mon, Aug 1
- Sat, Aug 13
5th Member Testing Opportunity
- Fri, Aug 19 – Fri, Sep 2
Exchange Launch Date, Phase-in Period Begins; TOPS v1.5 Phase-in Begins
- Fri, Aug 19
Two non-test securities (VG, WIN)
- Wed, Aug 24
Ten non-test securities (VALE.P, VG, VHC, VIAV, VIP, VLY, WIN, XOMA, YINN, ZIOP)
- Mon, Aug 29
All symbols starting with ‘Y’ – ‘Z’, VALE.P, VG, VHC, VIAV, VIP, VLY, WIN, XOMA
- Wed, Aug 31
All symbols starting with ‘V’ – ‘Z’
- Fri, Sep 2
All symbols (‘A’ – ‘Z’)
- Fri, Sep 2
Exchange Phase-in Period ends, ATS Ceases Operation
- Thu, Sep 15
Final Day to Submit Member Waive-in Applications
- Fri, Dec 16
Final Day TOPS v1.4 is in Operation (all Data Recipients must transition to TOPS v1.5 on or before Dec 16)