aggregating calibrated insights formulating precise understanding modeling intelligent insights exploring probable understanding aggregating quantitative wisdom mapping the future assembling predictive contingencies assembling contingent understanding delivering predictive futures composing quantitative insights exploring accurate contingencies modeling probable understanding exploring critical futures generating intelligent understanding


Metaculus Help: Spread the word

If you like Metaculus, tell your friends! Share this question via Facebook, Twitter, or Reddit.

Will the SEC approve the IEX's application to operate as a registered exchange?

The development of the new IEX exchange was a central theme in Michael Lewis' controversial 2014 book Flash Boys, which describes aspects of computerized high-frequency trading of stocks.

A stated aim of the IEX Exchange is to provide a level playing field for all market participants through the implementation of a 350 microsecond delay between order submission and execution.

IEX has been operating as an Alternative Trading System since October 2013. In September 2015, it applied to the U.S. Securities Exchange Commision for approval to operate as a Registered Exchange. The application generated a large amount of public comment, with arguments being placed both in favor of and against IEX's plans.

The SEC was scheduled to issue a decision statement on IEX's application on Dec. 21st, 2015. On Friday December 18th, however, it announced that IEX has approved a delay until next March 21st for a final decision.

On March 21, 2016, will the SEC grant approval for IEX to operate as a Registered Securities Exchange? In order for the question to be resolved as yes, any amended version of IEX's application must retain the critical feature in which the 350 microsecond delay is placed between order submissions and executions.


Metaculus help: Predicting

Predictions are the heart of Metaculus. Predicting is how you contribute to the wisdom of the crowd, and how you earn points and build up your personal Metaculus track record.

The basics of predicting are very simple: move the slider to best match the likelihood of the outcome, and click predict. You can predict as often as you want, and you're encouraged to change your mind when new information becomes available.

The displayed score is split into current points and total points. Current points show how much your prediction is worth now, whereas total points show the combined worth of all of your predictions over the lifetime of the question. The scoring details are available on the FAQ.

Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

This question is not yet open for predictions.

Thanks for predicting!

Your prediction has been recorded anonymously.

Want to track your predictions, earn points, and hone your forecasting skills? Create an account today!

Track your predictions
Continue exploring the site

Community Stats

Metaculus help: Community Stats

Use the community stats to get a better sense of the community consensus (or lack thereof) for this question. Sometimes people have wildly different ideas about the likely outcomes, and sometimes people are in close agreement. There are even times when the community seems very certain of uncertainty, like when everyone agrees that event is only 50% likely to happen.

When you make a prediction, check the community stats to see where you land. If your prediction is an outlier, might there be something you're overlooking that others have seen? Or do you have special insight that others are lacking? Either way, it might be a good idea to join the discussion in the comments.

Embed this question

You can use the below code snippet to embed this question on your own webpage. Feel free to change the height and width to suit your needs.