What IEX Brings to Markets as a Stock Exchange

The video discusses IEX, a trading platform that differs from traditional exchanges by not using a rebate model and focusing on client order flow protection. IEX's flat fee structure and transparency aim to improve price discovery and reduce predatory trading practices. The SEC has approved IEX, recognizing its potential to disrupt the current exchange model. The video highlights the impact of rebates on trading and the potential for IEX to increase market liquidity.

What are the implications of rebates on the price discovery mechanism according to the speaker?

How does the speaker perceive the future of IX in relation to other exchanges like NYSE and NASDAQ?