As we at Ethical Systems often state, we believe that integrity in business can be enhanced by leaders who take a systems-approach to the organizations and environments in which they operate.

IEX is a model of such leadership and systems thinking in business. Jonathan Haidt and I had the pleasure to meet the team there in January and learn about their motivations, practices and approach to business relationships and investor protection. The meeting was initiated by Chatham Financial, who succinctly summarizes the opportunities and challenges of running an ethical business by highlighting IEX's role in improving trust in the financial services in an OpEd on CNBC.

IEX currently has an application pending before the SEC to be approved as a national securities exchange. Ethical Systems submitted a comment letter in support of approval of that application and we invite you to read it here.