Why the IEX Is Publicly Disclosing Its Costs

The video discusses the challenges and dynamics within the stock exchange industry, focusing on SEC filings, market data costs, and the role of smaller exchanges. It highlights the issues of escalating fees and the need for transparency in pricing. The discussion also covers the competitive landscape, with smaller exchanges like X challenging larger ones by offering free market data. The video further explores the role of brokerage firms in contesting fee increases and the emergence of new exchanges as a response to the current business model, which is seen as unfair by some market participants.

What are the main issues that the new administration is addressing in the exchange industry?

How does the speaker justify the need for transparency in exchange pricing?

What challenges do brokerage firms face regarding exchange fee increases?

In what ways do the exchanges mislead the SEC according to the speaker?

What implications does the speaker suggest about the future of new exchanges entering the market?