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Not for free, liquidity providers are paying to trade in IEX (and paying the same rate as the takers).

I guess "for free" was a bad phrase. I meant that IEX is hoping for retail investors to make up for the lack of market makers who get paid via the bid/ask spread.

There are Market Makers on IEX. Look at the Brokers at the end of this list: http://www.iextrading.com/services/

Virtu, SUN, etc. They are market makers.

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