SEC Approves GIX: The First U.S. Stock Exchange for the $35 Trillion Sustainability Economy
The recent approval of the Form 1 application for the Green Impact Exchange (GIX) by the Securities and Exchange Commission (SEC) marks a significant milestone in the realm of sustainable investing. This initiative aims to create the first U.S.-based stock market exclusively dedicated to the booming $35 trillion sustainability economy.
What Does GIX’s SEC Approval Mean?
The SEC’s endorsement enables GIX to operate as a registered securities exchange, providing a specialized platform for companies and investors committed to sustainable business practices. This new stock exchange is designed to:
- Assist public companies in managing climate-related risks
- Foster long-term value creation
- Meet the increasing global demand for sustainable investment options
Statements from GIX Leadership
Dan Labovitz, CEO and co-founder of GIX, expressed his enthusiasm regarding the SEC’s decision, stating, “Today’s approval order is an important step forward for sustainability-minded investors and companies. We are grateful to the SEC Commissioners and staff for their thoughtful engagement throughout the application process.” He further emphasized the exchange’s role in enhancing capital formation through market-driven innovations.
Innovative Features of the Green Impact Exchange
GIX will leverage advanced technology developed by MEMX, a U.S.-based exchange operator, to provide a competitive trading experience. Key features include:
- Support for non-tiered liquidity
- Quoting programs aimed at enhancing market participation
- Best execution for all trades routed to its platform as part of the National Market System (NMS)
Emphasizing the Business Case for Sustainable Investing
GIX President and co-founder Charles Dolan highlighted the connection between climate risk and business risk, stating, “U.S. investors and companies are continuing to pursue sustainability because it makes financial and competitive sense.” He pointed out that public markets like GIX play a crucial role in linking sustainable investors with companies that are committed to environmental and social responsibility.
Looking Ahead: GIX’s Launch Timeline
Trading operations at GIX are expected to begin in early 2026, marking a pivotal step towards aligning capital markets with sustainable principles. This exchange not only aims to promote sustainability but also provides a unique opportunity for investors to engage in the rapidly evolving landscape of sustainable finance.
For more information on sustainable investing, you can explore SEC’s initiatives on sustainable investing or visit our Sustainable Investing Guide for resources and insights.
