The Stock has developed a market coupling phobia! The moment that word is mentioned, it gets the bears activated
The key assumption is that with 95% of volumes being done at IEX, its ability to discover the best price will keep the volumes coming at this very exchange!
The management and market participants feel (as seen in response to the white paper) that the government is focusing on the wrong issue! The key issue is that 95% of volumes don’t happen in any of the exchanges…but happen offline through PPAs. So something needs to be done from the regulatory point of view to first get everybody to the market.
The Government on the other hand feels that the Market coupling mechanism will make the PPAs irrelevant and hence we must have that first in place.
I don’t think the market understands the IEX promoter’s ability to spot an opportunity ahead of the pack ( IGX, Carbon Credit Exchange & Recycling being the latest) so IEX’s ability to capitalize on emerging opportunities remains unchallenged…market coupling or no market coupling!
#biased
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