IEX Group Announces Block Day on 10/15/15 To Support Wings
Wednesday, September 16, 2015 at 7:15PM 
Your support for using trading venue IEX will dramatically impact the amount of funds that will be put into the hands of dedicated ALS researchers. Please spread the word!
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Wings Admin
FOR IMMEDIATE RELEASE:
Contact:
Rebecca Santoli / Aria Grillo
(212) 682-5272
IEX HOSTS BLOCK DAY TO SUPPORT MDA’S WINGS OVER WALL STREET® 15TH ANNIVERSARY
IEX Block Day to Generate Funds and Exposure for the Fifteenth Annual Gala on Oct. 22, 2015.
Event Has Raised over $10.7 Million Since Inception.
NEW YORK, Sept. 14, 2015 – IEX, the first equity trading venue seeded by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices, will host Block Day on Thursday, Oct. 15, 2015 with all funds generated going to support MDA’s Wings Over Wall Street®, the largest charitable gala benefitting finding a cure for Amyotrophic Lateral Sclerosis (ALS), most commonly known as Lou Gehrig’s Disease.
"Growing up, my mother encouraged my sisters and me to spend many of our weekends raising money for the Muscular Dystrophy Association. My mother later succumbed to ALS, but not before gifting me with a lifelong sense of purpose. I'm honored to serve as 2015 Co-Chair for Wings Over Wall Street, the preeminent event for raising awareness and support to find a cure for ALS." Said John Schwall, COO and Co-Founder of IEX.
In support of John’s personal connection to the fight against ALS, IEX will host this day of block trading. IEX will give away all revenues associated with block trades on its venue. Block trades are defined as trades of at least 10,000 shares or notional value of at least $200,000 (which typically represents 10-12% of IEX volume). To ensure that MDA receives any incremental revenue on IEX related to this event, IEX will also donate all non-block revenue from Block Day in excess of the trailing 5-day average.
To promote IEX Block Day and to rally street support, Jon “DRJ” Najarian, CNBC Market Analyst and Wings Committee member will be broadcasting live from the floor of IEX on the day of the event. Mr. Najarian will also be honored with the Michael P. Beier Award at the Wings gala, on October 22nd.
"We are proud to support John's commitment to MDA and fighting ALS. We are honored to host IEX Block Day as a way for IEX and our supporters to get behind such an important cause." said Brad Katsuyama, IEX CEO and Co-Founder.
Investment firms can trade on IEX via 170 broker dealer firms – which includes all of the bulge bracket banks – broadening the financial community’s ability to participate in the event.
About MDA’s Wings Over Wall Street®
MDA’s Wings Over Wall Street® is an annual cocktail benefit to fund research to cure Amyotrophic Lateral Sclerosis (ALS), more commonly known as Lou Gehrig’s disease. This event, now in its 15th year is one of the largest Muscular Dystrophy events in the country and has already provided over $10.7 million to MDA’s ALS Division Research Grants Program including the distinguished teams at The Eleanor and Lou Gehrig MDA/ALS Research Center at Columbia and The Packard Center for ALS Research at Johns Hopkins. This year’s gala will take place on Thursday, October 22nd 2015 at The Lighthouse, Chelsea Piers.
For ticket and sponsorship information please visit here.
About MDA
The Muscular Dystrophy Association (MDA) is the world’s leading nonprofit health agency dedicated to saving and improving the lives of people with muscle disease, including muscular dystrophy, amyotrophic lateral sclerosis (ALS) and other neuromuscular diseases. MDA does so by funding worldwide research to find treatments and cures; by providing comprehensive health care services and support to MDA families nationwide and by rallying communities to fight back through advocacy, fundraising, summer camps and other local engagement.
Visit mda.org for more information and to follow us on all social media channels.
Facebook.com/MDAnational Twitter: @MDAnews
MDA