In this Op-ed written by IEX s Brad Katsuyama, he explains why the exchange terminated its listings initiative and what effect to might have on day-to-day operations.

IEX Group will abandon its struggling listings effort after the upstart exchange’s only listed company decided to jump ship.

Startup Investors Exchange, or IEX Group Inc., plans to exit from the cutthroat business of serving stock listings, to focus on its bread-and-butter trading platform.

Why we chose to exit the corporate listings business We have decided to exit the corporate listings business because we have concluded that we can have a greater impact by continuing to grow our core ...