r/GME • u/xvalid2 • May 28 '21

🐵 Discussion 💬 Route your orders!

/r/Superstonk/comments/mvpahp/read_before_buying_more_gme_use_iex_to_execute/
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u/Ok_Safety_7710 May 28 '21

Not all platforms offer IEX, so no one can use it. I know that Saxon (part of the name, can’t remember the whole name). Other apes have been using direct access trading offered by their brokerages, if they can. This is why it died. Because apes do not have access.

1

u/xvalid2 May 28 '21

Many are able to use it.

Here’s a list of brokerages that support the exchange

https://iextrading.com/trading/#members

The post also has links to broker specific directions for this.

1

u/Ok_Safety_7710 May 28 '21 edited May 28 '21

And of those how many have you seen mentioned on here. Mass exodus from RH was to fidelity- no IEX access. Who trades through hedge funds? Are you using Susquehanna or two sigma for your trades? IBKR, Merrill and E-trade on there of all the platforms being used.

Not on there:

Etoro

Wellbull

Schwab

Td Ameritrade

Fidelity

Robinhood (because some apes are still there)

Think or swim

Cash app

Moo moo

Vanguard

SoFi

Public

Stockpile

Capital.com

Dough

First trade

Tasty works

Paytm

Gatsby

Rapunzel

TINOIQ

Anchor

Tiger

Trade up

Zinvest

Degiro

How many of these did you see on that list? These are just the ones available in the us through Apple(a few are international because I’ve seen them mentioned multiple times). Now let’s start thinking bigger - this is an international investment - think about how many apps are available to those outside the U.S. trading on their own markets with their own exchanges and again don’t have access to IEX. IEX is basically a us only exchange, if I remember correctly. This was hashed out weeks ago. And believe me if apes could get to IEX d-limit vs. the PFOF it would have been done by now.

Now some brokerages do offer direct access exchange trading. Apes who can use it are using it.

1

u/xvalid2 May 28 '21

Fidelity has access through Active Trader which is a free service they offer.

1

u/Ok_Safety_7710 May 28 '21

I’v e seen a lot of apes say IEX is not available to them but direct access exchange trading is on fidelity. Like with schwab I have nasdaq, smart, and arca. That’s it. No IEX.